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Controversial issues and tasks raised on Act on the Acquisition of Land etc. for Public Works and the Compensation Therefor, as Korea-US FTA entered into effect
Public Land Law Review
Abbr :
KPLLR
2012, 58(), pp.21-42
DOI :
Publisher : Korean Public Land Law Association
Research Area : Law
2012, 58(), pp.21-42
DOI :
Publisher : Korean Public Land Law Association
Research Area : Law
-
Korea-US FTA entered into effect as of March 15, 2012. after 8 years’ discussion since 2003. Investment-related “Expropriation and Compensation” and “Indirect Expropriation” stipulated in Korea-US FTA is expected to give significant effect on overall real estate-related legal system in the future. Henceforth, the purpose of this paper is to review how the expropriation and compensation-related provisions would affect domestic legal system on land compensation and current real estate policy with Invester-State Dispute as medium, focusing on controversial issues and tasks. In this paper, Chapter Ⅱ cleared up the contents related to Act on the Acquisition of Land etc. for Public Works and the Compensation Therefor within Korea-US FTA Treaty. Chapter Ⅲ reviews the controversial issues of Korea-US FTA and Act on the Acquisition of Land etc. for Public Works and the Compensation Therefor. Chapter Ⅳ suggests the expected future tasks in Land compensation legal system as Korea-US FTA entered into effect.
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