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

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.

Citation

Han, Z. (2014), "The practical implications of the unification of the real estate registration system in Korea", International Journal of Housing Markets and Analysis, Vol. 7 No. 2, pp. 254-265. https://doi.org/10.1108/IJHMA-04-2013-0023