title: The path forward for the housing lease system of reunified Korea
metadata.name: dc.contributor.author
metadata.value: Kim, Sung-Wook
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-02-07T17:18:30Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-02-07T17:18:30Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Kim, Sung-Wook. 2022. The path forward for the housing lease system of reunified Korea. Pravovedenie 66 (3): 290–300. https://doi.org/10.21638/spbu25.2022.304
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu25.2022.304
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/39035
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: South and North Korea have diametrically opposite property systems, the disparity of which is
  most evident in respect of immovables. While South Korea, a capitalist market economy, adopts
  an open market approach, North Korea under communist rule favors a heavily centralized and
  strictly regulated approach towards immovable property. Such a stark contrast will prove be
  very challenging in harmonizing the two systems if the time comes for reunification on the Korean
  peninsula. Although it is virtually impossible to predict the form and process by which reunification
  may occur, it is vital that we prepare for such an event. The objective of this paper is
  to do just that by considering some of the critical questions that are likely to arise in the process
  of harmonizing the property and housing systems of South and North Korea. One such question
  regards the matter of privatization. Given the general lack of housing in North Korea, we need
  to introduce special legislation in the Northern part of the Korean peninsula allowing for, as a
  rule, one house per household, at least during the initial stages of the reunification. Also, only
  those who are officially registered by the North Korean authorities as the lawful possessors of
  these houses should be recognized as being viable for acquiring house ownership. The other
  critical question addressed in the paper is the direction of reorganizing the housing lease system
  in post-reunification Korea. The current Housing Lease Protection Act of South Korea will
  be inadequate for applying in the North. The matters of its scope of application, the opposing
  power of the lessee, duration of lease, regulation of rent and the right to demand renewal of the
  lease contract are all dealt with in the paper.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Pravovedenie;Volume 66; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: housing
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: privatization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: ownership
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: usage right
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: South Korea
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: North Korea
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: reunification of Korea
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The path forward for the housing lease system of reunified Korea
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 05.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/39035/1/05.pdf
resources.format: Adobe PDF
resources.size: 879,87 kB