• Korea Real Estate Review
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• v.27 no.3
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• pp.7-22
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• 2017

Establishing greater reliability in property appraisal is critical because it promotes the public interest. Reliability is composed of competence and ethics. In particular, the ethics of property appraisal has individual and corporational aspects. This study aimed to evaluate how the ethical climate of a firm is affected by the scale of appraisal firms, thereby validating the effect of the 'Large Appraisal Firm System'. Hence, the ethical climate of appraisal firms, an indicator of inherent ethical value recognition, was investigated, divided into recognition of social responsibility and exclusion of self-interest. The study results showed that the ethical management systems of appraisal firms encourage the appraisers of such firms to be conscious of their social responsibility and to exclude self-interest in their work. The degree of such influence, however, differs according to the scale of appraisal firms. Based on these results, further research on the maintenance and operation of the ethical management systems of appraisal firms is required to enhance the reliability of property appraisal.

• Journal of Korean Society for Geospatial Information Science
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• v.23 no.4
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• pp.35-41
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• 2015

Real estate appraisal methods include profit-based, cost-based and comparison-based measures. The purpose of this study is to scientifically quantify the comparison-based method mostly utilized in valuating real estate property among the appraisal methods. The comparison method is to estimate the value of target property from other previously-traded property cases by comparing and adjusting their temporal gap, spatial gap and space-time gap. In appraisal practices, this comparison method is used generally for land property. If based on previous transactions; prices, time point of transaction, region and individual factors were analyzed to valuate. If based on official land values; official value, time point, region and individual factors are analyzed. Of these, the individual factors are an important process of comparing individual characteristics where real estate appraisers' subjective assessment could intervene. Though appraisers, as experts make generally precise assessment, still, it is a subjective judgment open to difference between appraisers themselves, causing disputes from time to time. In this recognition, the study seeks to quantify such a subjective assessment of appraisers by running GIS analysis on individual factor components including street condition, access condition;and plotting condition.

• The Journal of the Korea Contents Association
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• v.6 no.8
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• pp.94-104
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• 2006

Building the Public Appraisal Information System(PAIS) has been a critical issue because real estate valuation process depends on the various information and analysis. However, there has been little research in this area. As a result, there is not any comprehensive plan for the PAIS constructed by the MOCT(Ministry of Construction and Transportation), and its database quality has various Problems. Therefore, this paper investigated the database of the public appraisal information system and suggested development strategies as follow: preparing a comprehensive plan for data collection, establishment of data management standards, additional collection of the attribute and spatial data, linkage PAIS and other information system.

• Korea Real Estate Review
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• v.28 no.1
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• pp.53-63
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• 2018

This paper shows that the value of land can vary based on the future availability of the land. According to the Korean principles of land appraisal by the Ministry of Land, Infrastructure, and Transport (MOLIT), the value of a piece of land is derived mainly from the latter's fertility level or local environment. In practice, however, the values of lands may vary even though their fertility level is invariant. This paper investigates a fundamental question for many professional appraisers who argue that appraisal practices are different from the principles of appraisal. It highlights the appraisal practices for agricultural and forestry lands, which have similar agricultural productivity levels or environmental conditions. It is shown in this paper that even though the fertility level of lands is invariant, the values of lands may vary based on their locations. Therefore, this can complement the principles of land appraisal. In this paper, real cases in local areas in Gapyeong County, Kyounggi province are investigated. It can be seen from the cases in the local areas that two agricultural lands may have different values based on their locations even though they have almost similar fertility levels (e.g., their physical distance from each other is less than 0.5 km but their values differ by around 19%). This paper thus argues that the value of a piece of land can be determined by its availability.

• Journal of the Korean housing association
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• v.14 no.5
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• pp.153-161
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• 2003

As development of Information Technology and Internet are available, many industries are creating a lot of values through extension from physical space to virtual reality. However, use of Information Technology and Internet in real estate appraisal is unprepared. As a result, There is necessity of appraisal information system development based on GIS and Internet for pratical use of Information Technology. Therefore, in this study, presented development model which present a basic design of appraisal information system to fulfill information request in appraisal and use GIS and Internet.

• Journal of the Korean housing association
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• v.15 no.4
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• pp.45-54
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• 2004

This study systematized synthetically to use internet GIS and real estate appraisal method in computing system for the real estate decision. First, indicated the method of using GIS and databases to appraise the real estate by using the cost approach. Second, used the artificial neural network to predict the change of land prices and the artificial neural network convinced us that it indicates easily the result of land prices without complicated processes. Third, examined land prices using the artificial neural network but there is limits for the land price prediction because of difficult data gathering. also, this study may heighten information levels of the real estate field according to 21th century information level if use actively a internet, information users who should pay much moneys in existent real estate decisions may can approach easily.

• Smart Media Journal
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• v.11 no.7
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• pp.28-38
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• 2022

The term 'fourth industrial revolution' was mentioned at the World Economic Forum (WEF) in 2016 and has become a term representing a new industrial era based on information and communication technology (ICT). In the environment of the 4th industrial revolution, ESG management activities are becoming a very important factor in business activities. With the emergence of a new paradigm of organizational operation in the post Covid19 era, the demands for ESG (Environment, Social, Governance) investment related to the environment, social responsibility are increasing. This study examines the role that can support ESG management by utilizing the expertise of appraisers. Real estate is one of the fields of high public interest, and since most ESGs have been conducted centered on the role of private companies, the role of the expert group or the role of public corporations and public institutions is relatively insufficient. If a company or general company engaged in the real estate investment business establishes the role of the Korea Appraisers Association to revitalize ESG management using appraisers, such as ESG appraisers, when investing in real estate, it is believed that it will be possible to promote efficient and sound development of the real estate industry. It was judged that a study on a group of experts was also necessary. In addition, even if the impact of Covid-19 is excluded, it is necessary to gradually introduce an appraisal using non-face-to-face or various advanced technologies (the 4th industry). This study differs from previous studies in that it focused on the role of ESG by the Korea Association of Property Appraisers while research on the role of ESG in public institutions or expert groups is being actively conducted in recent years.

• The Journal of the Korea institute of electronic communication sciences
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• v.7 no.3
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• pp.649-660
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• 2012

The future of appraisal industry looks negative in the reality of change of the property market and over-competition of the field. Unless Constituent members of appraisal industry cope actively with the changing circumstances the profit structure of their company will get worse and they will finally fall behind in the competition. The best policy to survive from the changing circumstances in the limited appraisal market is to provide better service and improve its structure in order to have differential competitiveness. The purpose of this study is to describe the relation between the service factors of appraisal industry and customer satisfaction for providing more effective and high quality appraisal service.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.261-266
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• 2001

Recently, remodeling has been introduced in the domestic construction industry as an alternative new construction. Its economic evaluation is the essential part of remodeling business. Therefore, this study has the purpose of presenting the method that is able to evaluate the actual value in the market. And this method can compare before & after value of remodeling in feasibility study. For this, this study reviews economic evaluation methods in construction and real estate fields and analysis their problem and merits & faults. With those facts, this study makes a mixed economic evaluation method that can be used in construction and real estate fields.

• Proceedings of the Korea Information Processing Society Conference
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• 2015.10a
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• pp.1244-1247
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• 2015

본 논문에서는 소상공인의 창업 성공을 지원하는 점포 평가 분석 사례를 소개하여 기업의 빅데이터 도입 및 활용을 촉진하고자 한다. 본 사례에서는 카드사 거래 정보, 가맹점 정보, 부동산 가격 정보, 부동산 통계 정보, 감정평가 정보, 조사업무관련 정보 및 인허가 개폐업 정보를 활용해 36만개의 GIS 블록과 GEO 컨텐츠를 생산하여 빅데이터 분석을 실시하였다. 체계적인 분석을 위해 상권 평가 지수, 업종 평가 지수, 입지 평가 지수, 임대료 추정, 매출 추정, 적정면적 추정 등의 상권, 업종, 입지에 대한 지표를 개발하였다. 이를 통해 상가와 상권에 대한 분석 자료를 제공하여 과밀창업의 예방과 신중한 창업의 유도를 통해 창업실패로 유발 될 수 있는 경제적 비용의 감소 효과를 이룰 것으로 판단된다.