@article{ART001771931},
author={Heo, Kang Moo},
title={Real Estate Usage Fee System in North Korea and Implication},
journal={Public Land Law Review},
issn={1226-251X},
year={2013},
volume={61},
pages={1-22}
TY - JOUR
AU - Heo, Kang Moo
TI - Real Estate Usage Fee System in North Korea and Implication
JO - Public Land Law Review
PY - 2013
VL - 61
IS - null
PB - Korean Public Land Law Association
SP - 1
EP - 22
SN - 1226-251X
AB - Since its adoption of the “July 1, 2002, Economic Management Reform Measure”, North Korea’s marketization process has been accelerated. In North Korea where all real estate is owned by the government, the sale or rent of real estate by or between individuals and groups is, in principle, not possible. However, the regime’s increasing inability to provide housing led to the significant growth in the size of the black market for real estate. As a result, during the 4th session of the 11th Supreme People’s Assembly which was held in April 2006, the state revealed its intent to conduct a campaign to assess real estate properties throughout the entire country and establish a system of rent after which “property usage fees” were included in the annual national budget.
Furthermore, North Korea enacted a “Real Estate Management Law” in November 2009 as a measure to regulate real estate and expand its deteriorated budget. Consisting of six sub-sections and 47 articles, the “Real Estate Management Law” bans the sale, change of use and unauthorized rental of real estate and places an obligation to register and inspect real estate properties. At the same time, the law also allows the state to collect a “real estate usage fee”. It appears that the enactment of the “Real Estate Management Law” is aimed to provide a basis to actively collect real estate usage fees to salvage its chronic financial difficulties. Also, the enactment of the law can be interpreted as North Korea’s intent to strengthen the state’s control over the socialist economy and over the country by increasing regulation of “disorder in the market place” and improving productivity of its state-controlled companies and factories within North Korea.
The purpose of this study is to examine the current conditions of the real estate transactions in North Korea and assessment of real estate usage fees, and introduce the changes to North Korean real estate policies and the legislative background and contents of the resulting “Real Estate Management Law”. Further, as North Korea implements the real estate usage fee system which is similar to South Korea’s property taxes, this study aims to derive the implications that it will have to issues regarding the administration of North Korean real estate after the unification of the two Koreas.
KW - North Korean Real Estate;North Korean Land Use Rights;Valuation;North Korea Real Estate Management Law;Real Estate Assessment System
DO -
UR -
ER -
Heo, Kang Moo. (2013). Real Estate Usage Fee System in North Korea and Implication. Public Land Law Review, 61, 1-22.
Heo, Kang Moo. 2013, "Real Estate Usage Fee System in North Korea and Implication", Public Land Law Review, vol.61, pp.1-22.
Heo, Kang Moo "Real Estate Usage Fee System in North Korea and Implication" Public Land Law Review 61 pp.1-22 (2013) : 1.
Heo, Kang Moo. Real Estate Usage Fee System in North Korea and Implication. 2013; 61 1-22.
Heo, Kang Moo. "Real Estate Usage Fee System in North Korea and Implication" Public Land Law Review 61(2013) : 1-22.
Heo, Kang Moo. Real Estate Usage Fee System in North Korea and Implication. Public Land Law Review, 61, 1-22.
Heo, Kang Moo. Real Estate Usage Fee System in North Korea and Implication. Public Land Law Review. 2013; 61 1-22.
Heo, Kang Moo. Real Estate Usage Fee System in North Korea and Implication. 2013; 61 1-22.
Heo, Kang Moo. "Real Estate Usage Fee System in North Korea and Implication" Public Land Law Review 61(2013) : 1-22.
