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A Comparative Study on the Land Banking System and Policy Implications

  • Public Land Law Review
  • Abbr : KPLLR
  • 2008, 42(), pp.117-142
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

Soon-Tak Suh 1

1서울시립대학교

Accredited

ABSTRACT

Recently the introduction of land banking system has attracted interest from policy-makers and academics in Korea. Although the land saving system is a effective means to provide appropriate public facilities and to manage land market, the system doesn't have ever been enacted due to some financial insufficiencies. Then Lee's government is going ahead enactment of land banking system in order to provide the land for industrial complex and SOC. In this context this paper is aimed at suggesting the policy implications through comparing advanced cases of foreign countries where have introduced and applied the land saving system formerly. The major policy implications are summarized as follows: Firstly, it is necessary to make up the land purchase system. Secondly, it is needed to set up a financial support plan for activating the land purchase system. Thirdly, to carry out land banking, a land banking operation system which allows decision-making and execution independently will be required. Fourth, the reform is needed to connect the urban planning system and land banking system. Finally, this study also presents that a new flexible tax system for supporting land owners is essential for effective operation of the land purchase system.

Citation status

* References for papers published after 2022 are currently being built.