Article 3 of the Act on the Public Announcement of Real Estate Values.
Approval number
No. 315003
Approval date
February 11, 1991
Purpose of Statistics
Accurate information on real estate transactions such as land and buildings, etc. is collected and prepared and used as the basic data for the establishment of real estate policies.
Statistics Cycle
Monthly
Subjects of Statistics
Whole real estate transactions of lands and buildings, etc. reported as certification, permission, foreigner’s land report, foreigner’s land permission, foreigner’s land disposition, or house transactions.
Statistical method and statistical system
Collection and aggregation of countrywide si/gun/gu report data (report statistics).
Transaction parties and brokers: transaction report (internet input or visit report).
Si/gun/gu: Input of basic data of real estate transactions.
Ministry of Land, Infrastructure and Transport: Collection of data reported by countrywide si/gun/gu.
REB: Aggregation and generation of statistics on real estate transaction situations.
Ministry of Land, Infrastructure and Transport: Proclamation of statics.