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Land Banking System in Economic Recession Period : Problems and Remedies

  • Public Land Law Review
  • Abbr : KPLLR
  • 2016, 75(), pp.1-14
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

Soon-Tak Suh 1 Jeong Hoe Gun 2

1서울시립대학교
2남서울대학교

Accredited

ABSTRACT

Recently the reform of land banking system which was introduced in 2009 has attracted interest from academics in Korea. Although the land saving system is an effective means to provide appropriate public facilities and to manage land market, the system didn't play an important role in reserving land for SOC and industrial complex since the introduction of land banking system. The reason is mainly due to financial insufficiencies. In addition to this, low rate of economy and population growth make the land banking system difficult. In this context this paper is aimed at identifying the efficacy of the land banking system particularly in economic recession period and at suggesting policy implications and revision of the land banking law. The conclusions are summarized as follows: Firstly, the role of land banking system should reestablished. In doing this, objectives of land savings are enlarged according to the change of socio-economic conditions, such as economic recession. Secondly, various plans based on relevant laws should be comprehensively reflected in the land purchase plan. Finally, in order to secure financial resources, establishment of land savings funds will be needed.

Citation status

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