Prime Minister Chung Sye-kyun (left in the photo) and Yang Gil-su, CEO of Hana Appraisal Corporation, are discussing industry issues on the 15th. (Photo by Hana Appraisal Corporation)

Prime Minister Chung Sye-kyun (left in the photo) and Yang Gil-su, CEO of Hana Appraisal Corporation, are discussing industry issues on the 15th. (Photo by Hana Appraisal Corporation)

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[Asia Economy Reporter Moon Jiwon] Hana Appraisal Corporation announced that CEO Yang Gilsu visited Prime Minister Chung Sye-kyun on the 15th to propose policies related to the industry, including the rationalization of appraisal fees.


According to Hana Appraisal Corporation, CEO Yang and Prime Minister Chung agreed at the meeting that expanding the role of appraisers is important to overcome the recent abnormal situation in the real estate market.


CEO Yang proposed to Prime Minister Chung that the role of appraisers should be expanded to operate the land and housing price disclosure system, which is closely related to the public's tax burden.


He also explained the side effects caused by indiscriminate self-appraisals by financial institutions during real estate mortgage loans and requested institutional support from the government to prevent this.



CEO Yang emphasized cooperation between financial institutions and appraisers for the sound development of the financial industry and also proposed the rationalization of the basic appraisal fees, which have been maintained at the level of 10 years ago.


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

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