Property Appraisers Association Partners with National Arboretum to Publish Tree Appraisal Reference Book

The Korea Association of Property Appraisers and the National Arboretum have joined forces to enhance expertise and credibility in the field of arboretum appraisal. This marks the first official collaboration between the property appraisal sector and a specialized forest biology institution.

The Association and the National Arboretum announced on the 22nd that they recently signed a Memorandum of Understanding (MOU) for cooperation in the field of arboretum appraisal at the Property Appraisers Association Hall in Seocho-gu, Seoul.

The National Arboretum has agreed to provide the Association with basic information such as scientific names of forest biological species, morphological descriptions, and image data, as recorded in the National Species Knowledge Information System.

The Association will organize this information into standard reference materials for use by property appraisers and plans to publish a compilation of arboretum appraisal data in the future.

Yang Gilsu, President of the Korea Association of Property Appraisers (sixth from the right), and Lim Youngseok, Director of the National Arboretum (seventh from the right), are taking a commemorative photo with officials after signing the Memorandum of Understanding (MOU) for cooperation in the field of arboretum appraisal on the 21st at the Property Appraisers Association Hall in Seocho-gu, Seoul. Provided by the Korea Association of Property Appraisers

원본보기 아이콘

Trees are considered a challenging area in compensation appraisal, as it is difficult to ensure reliability and objectivity in price assessment. There have been ongoing concerns about the lack of scientific evidence for accurate identification and valuation of forest biological species.

This agreement is expected to address these limitations and serve as an opportunity to establish rational appraisal standards for trees in the process of compensation for public interest projects involving forest biological species.

Yang Gilsu, President of the Korea Association of Property Appraisers, stated, "Based on the professional experience of both institutions, we will further strengthen our expertise in compensation appraisal for public interest projects and continue to protect and enhance public value."

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