The practical implications of the unification of the real estate registration system in Korea

Zonghie Han

International Journal of Housing Markets and Analysis, 2014, vol. 7, issue 2, 254-265

Abstract: Purpose - – This paper aims to show the practical conditions of the unification of real estate register system in Korea. Design/methodology/approach - – Literature research. Findings - – Although some information improvements and benefits in transaction can be expected through the elimination of discordances between dualized registry/registration books, the unification process should consider some legal and institutional factors which have been stabilized in the Korean society. Research limitations/implications - – The socioeconomic effect of unification of real estate register system, such as cost-benefit consideration, is not included in this study. As for methodology, the conceptional framework is not based on an established theory, but on the simple thumb rule. Practical implications - – The unification of registry and registration system of real estate in Korea could be implemented in a way of mild delegation of tasks, without a radical restructuring of the system. The practical guideline could be found in the system of family registry. Originality/value - – The possibility of implementation of unification of the real estate register system is analyzed in aspects of social institutions and legal considerations.

Keywords: Real Estate; Registration; Registry; Unification (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijhmap:v:7:y:2014:i:2:p:254-265

DOI: 10.1108/IJHMA-04-2013-0023

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