Korea’s Mass Assessment System of Land Pricing for Taxation, Utilizing ICT
Mie Oak Chae, Inhyuk Kwon
Land policies of South Korea played a key role in supporting economic development during its industrialization period. Through its land policies, urban land was properly supplied for the construction of public infrastructure, houses and plants, while urban problems such as land price hikes, speculation, and urban sprawls have been mitigated. The establishment of the Public Announcement System of Land Price (PASLP) is one such example. The system was introduced in 1989 to provide a unified land price standard for various administrative tasks, including taxation and compensation. Since its introduction, the PASLP has benefited from constant improvements through the development of Information and Communications Technology (ICT). Utilization of ICT has brought major innovations in land assessment, by reducing subjective judgments of assessors while enhancing the accuracy of site surveys.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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