콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy
Economy Economic System

Print

Case of land-based financial instruments in Korea

Related Document
Frame of Image
  • Case of land-based financial instruments in Korea
  • KRIHS Global Development Partnership Center
  • Korea Research Institute for Human Settlements


link
Title Case of land-based financial instruments in Korea
Similar Titles
Material Type Reports
Author(English)

KRIHS Global Development Partnership Center

Publisher

Sejong, South Koera : Korea Research Institute for Human Settlements

Date 2016-07
Series Title; No KRIHS special report / no. 29
Pages 74
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic System
Holding KRIHS
License

Abstract

The most ideal model of land development would be to reinvest gains from land development in land development. Such land-based financing could be applied in a different way in each country, as land incorporates a country’s historical, social, economic and cultural contexts. Generally speaking, however, land-based financing can be categorized into tax-based, fee-based, and incentive/collaborative-based instruments. First, a tax-based instrument includes capital tax, property possession tax and special assessments. Second, the examples of a fee-based instrument are community infrastructure levies, impact fees and development charges. Third, the examples of an incentive/collaborative-based instrument are land readjustment, business improvement district, transit-oriented development with land value sharing between the public and private sector. This study takes a look at development charges, -which falls under a fee-based instrument -, as well as the pre-negotiation system, a type of the public-private partnership, which falls under an incentive/collaborative-based instrument. (The rest omitted)