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A Study on the Determinants of Land Price in the Eastern District of Gyeongseong in the 1920’s

Seulki Yu 1,  KIM, Kyung-MIn 1

1서울대학교

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ABSTRACT

This study analyzes the factors for determining land prices in the eastern district of Gyeongseong by constructing digital data from the “Gyeongseong Land Registration List”(1927) and "Gyeongseong Land Registration Map"(1929). The Eastern District is an area that grew into a rich village with modern infrastructure, reflecting the changes taking place in Gyeongseong during the same time. Therefore, it is possible to infer the entire land market in Gyeongseong through research into the eastern district. In order to analyze the factors affecting land prices, a regression analysis was conducted using land price as a dependent variable, and land characteristic factor, accessibility factor, and location characteristic factor as independent variables. As a result, the distance from the CBD(Central Business District), which was noted from the initial study on factors for determining land prices, was also a factor that influenced land prices in Gyeongseong in the 1920’s. In addition, this study suggests that land use, together with the nationality of the land owner, influenced land prices, highlighting the impact of the circumstances of the Gyeongseong land market and Japanese colonial rule. This study also shows that, unlike modern city public transportation, anchor facilities and educational facilities have a lower or negative impact on land prices.

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* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.
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