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Enhancing transparency in real estate ownership and transaction : Cases of two policy reforms in Korea

Related Document
Frame of Image parency in Real Estate Ownership  and Transaction: Cases of Two Policy Reforms in Korea
Supervised by	 Prepared by	
Ministry of Strategy and Finance (MOSF), Republic of Korea Hanyang University 	 Kangnam University
Author	
	 hang Moo Lee, Professor, Hanyang University, Department of  C Urban Planning and Engineering  Chang Nam Ahn, Professor, Kangnam University, Department of  Science in Taxation  Ji Yeon Kim, Research Associate, Hanyang University,  Department of Urban Planning and Engineering
Advisory 
Y   oung Hoon Ro, Senior Fellow, Korea Institute of Public Finance  Jae Young Son, Professor, Konkuk University, Department of Real  Estate Studies
Research Management	 Supported by	
KDI School of Public Policy and Management 	 Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000560-01 ISBN 979-11-5545-118-2 94320 ISBN 979-11-5545-116-8 [SET 19] Copyright © 2014 by Ministry of Strategy and Finance, Republic of Korea
Government Publications  Registration Number 11-1051000-000560-01
Knowledge Sharing Program
2014 Modularization of Korea’s Development Experience
Enhancing Transparency in Real Estate Ownership and Transaction: Cases of Two Policy Reforms in Korea
Preface
opportunity to better understand the factors that drive development. Within about one The study of Korea’s economic and social transformation offers a unique window of generation, Korea transformed itself from an aid-recipient basket-case to a donor


Full Text
Title Enhancing transparency in real estate ownership and transaction
Similar Titles
Sub Title

Cases of two policy reforms in Korea

Material Type Reports
Author(English)

Lee, Chang Moo; An, Chang Nam; Kim, Ji Yeon

Publisher

Sejong:KDI School of Public Policy and Management

Date 2014
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-118-2 94320; 979-11-5545-116-8 [SET 19]
Pages 126
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Territorial Development < General
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Strategy and Finance; Hanyang University; Kangnam University;
Sponsor Ministry of Strategy and Finance
Project Term 2014-01-01 ~ 2014-12-31

Abstract

This paper attempts to present and evaluate the achievements of two systems, the real estate real-name system and the real estate transaction reporting system, which were introduced consecutively to create a more transparent real estate market. The real estate real-name system was adopted to address the rampant practice of registering real estate under a borrowed name to avoid taxation for owning property. It was first introduced in the 1990s, approximately around the same period the financial real-name system was adopted, and contrary to concerns, the real-name system quickly found its place. Thus, the real estate real-name system contributed tremendously to advancing the transparency of the Korean real estate market, and brought fair taxation a step closer to being realized. (The rest omitted)

User Note

Government Publications Registration Number 11-1051000-000560-01