Korea has lots of land problems originated from limited land capacity and overpopulation. Since 1960's, Korea has accomplished remarkable economic development, and also experienced industrialization and urbanization. But, in the process of these changes, there has been overdemand for land, and lan p...
Korea has lots of land problems originated from limited land capacity and overpopulation. Since 1960's, Korea has accomplished remarkable economic development, and also experienced industrialization and urbanization. But, in the process of these changes, there has been overdemand for land, and lan price has continuously risen due to insufficient land supply. Consequently, land problems have been worsen and caused serius social unfairness. By these reasons, the government had inevitably legislated a series of laws of Land Public Concept of justifying social restrictions on land property. But, unfortunately, these laws have been abolished or alleviated recently. It is due to some reasons ; sided-effects caused by direct governmental interventions in land property, economic necessities to revive national economy, and continuous decline in land price. The Law About The Plan And Use Of The Land 118 clause says "The person who will transact a land in the restricted region should obtain the permission from the public office. If he or she does not have the permission, he or she can not transact a land. And if he or she contracts without it, the persons concertned will be given a penalty by The Law 141 clause. Korean constitutional law guarantees the private-ownership system in its para.1 of art.23, however, the para.2 of Art.23 of Constitutional Law emphasizes a society, and thereby, it seems that an effort is given to harmonizing 'the ideology of a social state' which is pursued by our constitutional law and property right. The land Transaction Approval System was introduced with an aim of cubing of speculation on real estate, stabilization of the land price and the reasonable use of land has caused many controversities, rangin from itunconstitionality isssues to its ineffectiveness. but because the nature land, such as limitness, exclusiveness, and non-substituability, the land Transaction Approval System is More study and research should continue to be followed for systematically improving regulation system proper in the current situation, which aims at establishing the order of the land deal institutionally and technically Most land policies are temporary measures taken to curb speculation on real estate, especially land. Because The Land Transaction Approval System come as part of the measure to curb speculation on real estate. The Land Transaction Approval System introduced without any analysis of the adverse effect incurred by the implementation of this system is in an actual situation that it is falling into degeneration as one ceremony of passage.
Korea has lots of land problems originated from limited land capacity and overpopulation. Since 1960's, Korea has accomplished remarkable economic development, and also experienced industrialization and urbanization. But, in the process of these changes, there has been overdemand for land, and lan price has continuously risen due to insufficient land supply. Consequently, land problems have been worsen and caused serius social unfairness. By these reasons, the government had inevitably legislated a series of laws of Land Public Concept of justifying social restrictions on land property. But, unfortunately, these laws have been abolished or alleviated recently. It is due to some reasons ; sided-effects caused by direct governmental interventions in land property, economic necessities to revive national economy, and continuous decline in land price. The Law About The Plan And Use Of The Land 118 clause says "The person who will transact a land in the restricted region should obtain the permission from the public office. If he or she does not have the permission, he or she can not transact a land. And if he or she contracts without it, the persons concertned will be given a penalty by The Law 141 clause. Korean constitutional law guarantees the private-ownership system in its para.1 of art.23, however, the para.2 of Art.23 of Constitutional Law emphasizes a society, and thereby, it seems that an effort is given to harmonizing 'the ideology of a social state' which is pursued by our constitutional law and property right. The land Transaction Approval System was introduced with an aim of cubing of speculation on real estate, stabilization of the land price and the reasonable use of land has caused many controversities, rangin from itunconstitionality isssues to its ineffectiveness. but because the nature land, such as limitness, exclusiveness, and non-substituability, the land Transaction Approval System is More study and research should continue to be followed for systematically improving regulation system proper in the current situation, which aims at establishing the order of the land deal institutionally and technically Most land policies are temporary measures taken to curb speculation on real estate, especially land. Because The Land Transaction Approval System come as part of the measure to curb speculation on real estate. The Land Transaction Approval System introduced without any analysis of the adverse effect incurred by the implementation of this system is in an actual situation that it is falling into degeneration as one ceremony of passage.
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