[Invest&Law] Seoul Bar Association Holds 'Appraiser System Symposium'

The Seoul Bar Association held a symposium on July 8 at the Bar Association Hall, titled "Current Status and Improvement Measures of the Appraiser System." The symposium was organized in response to growing concerns that, although court-ordered real estate appraisals are having an increasingly significant impact on rulings, there are a variety of issues, including inconsistencies in outcomes depending on the appraiser.

Seoul Bar Association. Yonhap News

On this day, Koh Hyungseok, Legislative Director of the Seoul Bar Association and a presenter at the event, diagnosed errors occurring in practice, such as cases of poor appraisals, and proposed solutions. Kim Geonwoo, managing attorney at Law Firm Wooriro, also gave a presentation on "Problems and Improvement Measures of Appraisals When Exercising the Right to Request Sale under the Housing Act." Attorneys Kim Seokyoung and Kim Sungjoo, Judge Kim Jaenam from the Judicial Support Office of the National Court Administration, appraiser Jo Jeongheun, and Byun Junyoung, Director of the Arbitration Business Division at the Korean Commercial Arbitration Board, participated as panelists. Kim Giwon, Senior Vice President of the Seoul Bar Association, served as the moderator.

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