Rep. Junho Chun (DPK): "Redevelopment Associations to Directly Select Appraisal Institutions"

Main Bill to Amend the Urban and Residential Environment Improvement Act Proposed

Junho Chun, a member of the Democratic Party of Korea, announced on April 21 that he has sponsored a partial amendment to the Urban and Residential Environment Improvement Act, which would require redevelopment associations to directly participate in the appraisal process for redevelopment projects.

Under the current law, when establishing a management and disposal plan for maintenance projects, an appraisal is conducted to determine the value of rights. In the case of reconstruction projects, both the local government and the association each select an appraisal agency, and both agencies' evaluations are taken into account. However, for redevelopment projects, only the agency selected by the local government is allowed to participate in the appraisal.

Junho Chun, member of the Democratic Party of Korea. Photo by Yonhap News Agency

This has led to ongoing controversies over the fairness of the appraisal results and continuous conflicts among residents.

The main point of this amendment is to change the method of selecting appraisal agencies for redevelopment projects to match that of reconstruction projects, thereby allowing the voices of association members to be directly reflected in the appraisal process.

If the amendment passes, members of redevelopment associations will also be guaranteed the right to directly choose the agency responsible for appraising their assets.

This measure is also included as an item to "rationalize the procedures for selecting redevelopment appraisal agencies" in the government's comprehensive overhaul plan, which is currently underway to accelerate the pace of maintenance projects through better conflict management.

Assemblyman Chun stated, "The most important thing in maintenance projects is to protect the property rights of residents," and added, "Through this amendment, I hope to provide stronger protection for redevelopment association members' property rights, reduce unnecessary conflicts, and ensure that maintenance projects can proceed more swiftly."

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