• Journal of the Economic Geographical Society of Korea
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• v.19 no.3
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• pp.423-436
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• 2016

In a densely developed metropolitan area, the subway system is often constructed to address the mobility problems. Subway system was first introduced in Seoul in late 1970s, then Korean metropolitan cities began to adopt the system later. Subway systems not only resolve the mobility problems, but also interact with regional socioeconomic landscape. This study aims to find the association between the subway network and land rent within the subway catchment areas in Gwangju metropolitan city in a spaciotemporal framework. The analysis results indicated that proximity to the subway station and the size of nearest road were positively associated with the land rent. Also from a cluster analysis, it was found that the old and new Central Business Districts as well as stations at peripheral areas had distinctive land rent change characteristics. This empirical analysis indirectly proves the strong association between land rent and urban planning and also the positive relationship between land rent and transportation networks.

• Land and Housing Review
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• v.9 no.4
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• pp.1-9
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• 2018

Since year 2000, French housing and rent prices rose at a rapid rate and the housing market has been overheated. Face to this phenomena, the French government enacted a new law Alur which is a legislatif tool to control the private housing rent price for the cities, where the tension of the housing market is very high. This new law has impacted the housing market in two major ways. First, for the 38 cities designated by this law, the rent price's increase rate can not rise above the IRL, which is the rent reference index. Secondly, this law also permits local authorities to control the housing rent's price following the concrete price guidance. Especially in Paris, the city applicated this method for private rental housing since 2015. This city classified its own area by 14 zones. Based on the market surveys of each sector, local authority made a guidance for private housing rent's price. The guideline is consisted of average prices, maxima and minima price by types, which is classified by the construction year, number of rooms and furnished or not. Therefore, this study aims to understand french housing rent's price control system and draw implementation for korean housing rent policies. This research is meaningful for it introduces recent foreign regislations which could be helpful to control the housing market in Korea.

• Korean Journal of Agricultural Science
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• v.10 no.2
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• pp.382-392
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• 1983

Land Reform is a distributive measure which transfers power, property, income and status from one group in the community to another. There are two strategies in land reform, capitalist strategy and socialist strategy. The two strategies are different not only in their objectives and ideologies, but also in the method of land allotment and confiscatin. Capitalist land reform is aimed at accomplishing the land -to -the -tiller program of which the implementing process is always included rent reduction and sale of public lands. Socialist land reform is aimed at achieving abolition of property right of land and application of all rent revenue from land to public purpose. The process of the socialist land reform is comprising Bauernbefreiung and land collectivization. In conclusion, the former is resulted in high productivity of land and the later is identified low productivity of land.

• Journal of Cadastre & Land InformatiX
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• v.48 no.1
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• pp.229-244
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• 2018

The purpose of this study is to analyze the factors affecting the influence of the size and composition of the floating population on goodwill and Rent. First, the conceptual difference between location value and rent is clearly distinguished. Second, the value of land price is divided into fixed land value and floating land value. The empirical analysis utilized consulting data from 188 shops in Seocho and Gangnam-gu in 2013 ( restaurants, resting restaurants, drinking places, general stores, entertainment and sports). The results using linear regression analysis are as follows. Goodwill and rent have a positive correlation, but the evaluation system and factors are different. Especially the influence of the floating location factor is larger than the rent. And the fixed location factors such as building deterioration bus stops, were found to be significant influencing factors in the rents, but they did not affect goodwill. This result implies that the value of location of goodwill should be taken into consideration of a temporal and spatial concept. Since, in order to resolve disputes between the landlord and the tenant, it is necessary to accumulate data continuously and to study the objective evaluation system in the future.

• Korean Journal of Agricultural Science
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• v.24 no.1
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• pp.63-74
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• 1997

This study is aimed at identifying the value of marginal products(VMP) of agricultural labor, capital and land. The resources are the major portion of input costs of agricultural projects. To appraise economic feasibility of agricultural projects, the real value of the resources would be estimated by VMP of the inputs rather than by distorted actual market prices such as rural wages, rent and interest. To convert the market wage rate into shadow wage rate, covertion factor of 0.90 would be appicable based on the study results. To evaluate the right of way and compensation, VMP of land is recommendable to apply in land pricing rather than actural land rent prevailing in rural area which has been underrated on account of labor shortage and difficulty of farming. Discount rate as a opportunity cost of capital should be applied 7-8% considering the VMP of capital and interest rate of foreign loan from IBRD and ADB. For the successful appraisal of the agricultural projects, the recommendation of this study would be applied in the future.

• Korean Journal of Agricultural Science
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• v.27 no.2
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• pp.141-157
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• 2000

This study is aimed at identifying the socio-economic value of the total area of 23,500ha of paddy field which will be reclaimed in year 2003. In Korea, tidal land reclamation projects has been carried out not only for paddy field expansion to meet national food security but also for national land expansion to cope with the shortage of land supply in implementing urbanization and industrialization. As of end of 1999, 75,738ha of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation projects, the appraisal of the national land expansion value has not been made even though the severe competitiveness of land use in economic development. Agricultural land about 20,000 - 30,000ha per year has been converted to urban and industrial land and the converted areas have been produced higher added value than that of the farm land. Accordingly, farm land expansion equivalent to the converted area have to be reclaimed to cope with the food shortage and security in the future. In relation to the study, demand and supply of rice, the staple food of Korean, has been projected up to year 2025. The study results are as follows: 1. Under the assumption of continuing the present tendencies of rice consumption, population increase, farming practices and farm land conversion, paddy area requirement to meet self sufficiency of rice were forecasted as 136,950ha in 2015, 193,460ha in 2020 and 218,482ha in 2025 respectively. 2. The average converted price of paddy per pyeong in Kimje city, Puna Gun and Gunsan city was estimated at 241,150won and average farm land price was amounted to 63,760won. The differential rent was estimated at 177,400won per pyeong which was used as a criteria for valuation of national land expansion effect of the tidal land reclaimed by Saemangeum project. The total land rent of 23,250ha expanded by tidal land reclamation was amounted to 12,361 billion won. Annual expected value of the expanded national land was estimated at 988.9 billion won considering 8% of annual discount rate in Korea. 3. Tidal land resource for paddy area development is limited comparing with the future requirement of paddy area to cope with self sufficiency of rice consumption. Accordingly farm land conversion to urban and industrial land should be regulated and protected in the sense of sustainable development in the future.

• Journal of Agricultural Extension & Community Development
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• v.9 no.1
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• pp.43-60
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• 2002

Recently the North Korea has been suffered from the grain shortage, and the fundamental reason was in the socialistic land regulations and collective production which restrain farmers' labor desire. So one of the key in solve the problem may be in the reformation of the socialistic land regulations and collective production, however, the capitalistic land regulations may not work as the reformational alternative in the North Korea. The third alternative for land should consider efficiency and equality of reformation itself as well as environmental problems. The purpose of the study was to discuss the possible application of the Public Land Lease from Henry $George(1839{\sim}1897)'s$ theory. The basic idea of the Public Land Lease was that the government has the right of sentence and the right of profit for the land, and the individual has the right of use for the land. Under the Public Land Lease, the individual must pay the land rent for the period of the use for land, and must return the land when the contract is over. If the North Korea's rural land regulations reformed into the Public Land Lease, it would be the first reformational model beyond china.

• Land and Housing Review
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• v.6 no.3
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• pp.117-127
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• 2015

Korean government has launched a new public rental housing policy for younger generation suffering from instable housing conditions in CBD area. This paper is to analyze the financial feasibility of urban public rental housing projects, based on its cash flows. Urban rental housing projects should find out the way to reduce costs and to secure cheap land, because of the high land price in CBD area and complex relationship of legal rights. Project types are categorized by the land acquisition method and district characteristics. For 10 sample projects, financial feasibility was analyzed. Cash flows were calculated on the design plan and 16 scenarios were made by combining 4 important variables. The variables are increase rate of land price, increase rate of monthly rents, ratio of public and market rents, and the interest rate of National Housing Fund. The findings are as follows. Government land rent-type can reduce initial costs because it is not necessary to buy land. However, total NPV is lowered at the time of liquidation due to the land return. Private land acquisition-type require more initial costs. But the NPV at liquidation time increases with land disposal. To improve financial feasibility, acquisition-type should be preferred in high land-price area and rent-type should be preferred in low land-price area. Among influencing variables, the rate of increase in land price and the ratio of public and market rents turned out to be the most important. Although the ratio of public and market rents can be controllable, high ratio will cause the burden of tenants. Therefore, interest rate adjustment of National Housing Fund is more desirable.

• Land and Housing Review
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• v.14 no.4
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• pp.17-37
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• 2023

The rental housing market in South Korea, specifically monthly rent with deposit, has been expanding over the last three decades (8.2% in 1990 to 21.0% in 2020), partly replacing the traditional Jeonse market. The distribution of rent has changed due to public rental subsidies and the emergence of luxury rental housing, while the distribution of rental household income has been polarized because of the emergence of rich renters. This study attempts to measure the structural changes in the rental market by developing a new indicator of income-rent mismatch. Using the seven series of the Korea Housing Survey, this study analyzed the changes in rent (reflecting the conversion rate) and income levels of rental households in 2006 (base year) and 10-15 years later (the analysis year) at the national level and at the spatial unit of 16 metropolitan cities and provinces (excluding Sejong), respectively, by dividing them into quartile data. The result reveals that rental housing was undersupplied in middle- and high-income rental housing due to the decline in the highest quartile (25%→18%) and the third quartile groups (25%→20%), while the supply of public rental housing expanded for the second quartile (25%→28%) and the lowest quartile (25%→35) groups. On the demand side, the highest income quartile shrank (25%→21%), while the lowest income quartile grew (25%→31%). Comparing the 16 metropolitan cities and provinces, there were significant regional differences in the direction and intensity of changes in rent and renter household income. In particular, the rental market in Seoul was characterized by supply polarization, which led to an imbalance in the income distribution of rental households. The structural changes in the apartment rental market were different from those in the non-apartment rental market. The findings of this study can be used as a basis for future regional rental housing markets. The findings can support securing affordable rental housing stock for each income quartile group on monthly rent and developing housing stability measures for a balance between income and rent distribution in each region.

• Land and Housing Review
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• v.4 no.4
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• pp.303-316
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• 2013

This paper examines the achievements and limitations of housing assistance programs for low-income households. Korean public rental housing has been rapidly developing since 2000, and thereby achieved an increase in public rental housing stock, housing quality improvements, and the reduction of rent over-burden for low-income tenants. Despite some conflicting evidence, it appears that the provision of newly-built public rental housing has helped stabilize the prices of neighboring private rental housing units. But, as we are entering an era of one million long-term public rental housing units, we need to shift our focus from quantity-oriented provision to housing maintenance for tenants, and from cost-based rental housing to affordable rental housing and better access to rental housing for low-income tenants who are not beneficiaries of government assistance. Most of all, it is very important for local governments and the private sector to actively participate in the provision of public rental housing in order to ensure a stable rental housing market.