Gyeongbuk Provincial Government Office

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] Gyeongsangbuk-do has determined and announced the publicly notified land prices for standard land parcels.

On the 13th, Gyeongbuk Province announced that the average publicly notified land price for standard land parcels in the province as of January 1 this year increased by 4.84%.

This is 1.49 percentage points lower than the national average change rate of 6.33%. By city and county, Ulleung-gun saw the highest increase at 14.49%, followed by Gunwi-gun at 10.23%, Bonghwa at 8.46%, and Gyeongsan at 7.32%, showing high rates of change.

The province analyzed that Ulleung-gun's increase was due to the development effect of Ulleung Airport, Gunwi-gun's due to being selected as a candidate site for Daegu Airport relocation, Bonghwa-gun's due to the opening of Baekdudaegan Arboretum, and Gyeongsan City's due to the public housing district development project.

The highest priced standard land parcel is located at 597-12, Jukdo-dong, Buk-gu, Pohang City (Gaepung Pharmacy), with the same price as last year at 13.2 million KRW per 1㎡. The lowest is forest land at San 217, Oksan-ri, Gaknam-myeon, Cheongdo-gun, priced at 230 KRW per 1㎡.

Dokdo consists of 3 standard land parcels out of a total of 101 parcels.

Parcel 27 in Dokdo-ri, which has a docking facility, is priced at 1.5 million KRW per 1㎡ (a 7.14% increase from the previous year), parcel 30-2 in Dokdo-ri, which has residential facilities, is priced at 870,000 KRW per 1㎡ (an 8.8% increase), and parcel 20 in Dokdo-ri, a natural forest, is priced at 4,500 KRW per 1㎡ (an 18.4% increase).

The social and political importance of Dokdo, its economic value, public interest, and increased tourism demand have acted as factors driving the price increase.

The publicly notified land prices for standard parcels can be viewed and objections submitted from the 13th of this month until the 13th of next month on the Ministry of Land, Infrastructure and Transport website or at the civil service offices of the city, county, or district where the land is located.

This content was produced with the assistance of AI translation services.