earticle

영어

The land regulation be classified into three categories in Korea. This research focuses on analyzing the effects of land-use regulation on land price and the change of land price. it is found that the zoning regulation on land have negative or positive effects on land price in the empirical analysis. Especially, the land-use regulation in agricultural land and forest land have greatly effects on building density. This result shows that regulation policy has large impacts on the real estate value.