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The expropriation and compensation system in Korea

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Frame of Image Human Settlements (KRIHS)
S   oo Choi, Korea Research Institute for Human Settlements (KRIHS),  Research Fellow   Seung Jong Kim, Korea Research Institute for Human Settlements  (KRIHS), Associate Research Fellow  Hyung Chan Lee, Korea Research Institute for Human Settlements  (KRIHS), Associate Research Fellow  Joon Park, Korea Research Institute for Human Settlements (KRIHS),  Associate Research Fellow  Hae Woong Ryu, Korea Real Estate Research Institute (KRERI),  Former Vice President (Joint Researcher) S   u Kab Kim, Chungbuk National University, Professor Haeng Jong Kim, Semyung University, Professor   Soo Hyuk Park, University of Seoul, Professor  Hosang Sagong, Korea Research Institute for Human Settlements  (KRIHS), Director  Seung Woo Shin, Konkuk University, Professor  Hee Soon Jang, Kangwon National University, Professor  Jong Chun Joo, Myongji College, Adjunct Professor (Appraiser)
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KDI School of Public Policy and Management Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000459-01 ISBN 979-11-5545-111-3 94320 ISBN 979-11-5545-095-6 [SET 18] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea
Government Publications  Registration Number 11-1051000-000459-01
Knowledge Sharing Program
2013 Modularization of Korea’s Development Experience
The Expropriation and Compensation System in Korea
Preface
The study of Korea’s e


Full Text
Title The expropriation and compensation system in Korea
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Choi, Soo; Kim, Seung Jong; Lee, Hyung Chan; Park, Joon; Ryu, Hae Woong

Publisher

Seoul:KDI School of Public Policy and Management

Date 2014
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-111-3 94320
Pages 126
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < National Land Development
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Land, Infrastructure and Transport; Korea Research Institute for Human Settlements
Sponsor Ministry of Strategy and Finance
Project Term 2013-01-01 ~ 2013-12-31

Abstract

1. Objectives and Achievements of Expropriation and Compensation System
Art. 23-3 of the Korean Constitution stipulates that “Expropriation, use, or limitation of private property due to public necessity and with regard to compensation shall be governed by an Act so that just compensation shall be paid.” Hence, expropriation, which means compulsory deprivation of private property rights by the governmental authority for public needs, is based on the assumption that there is a necessity for the public good when private property is to be compulsorily acquired regardless of a person’s will as stipulated in Art. 23-3 of the Constitution. As for just compensation designated by the Constitution for individual infringements of private property rights that require compensation in the enforcement of law and order, the compensation, in principle, means full compensation that the objective value of expropriated properties should be completely indemnified. (The rest omitted)

User Note

Government Publications Registration Number 11-1051000-000459-01