UN-Habitat in partnership with the International Urban Training Center (IUTC), organized a training course last month on ‘Land Policy Instruments: Land Readjustment & Land-based Financing’ in Gangwon Province, Republic of Korea.
The purpose of the course was to increase awareness of the range of tools available for using land as a base for generating revenue to help fund urban growth and development.
Opportunities were provided for the participants to develop their knowledge about land management and in particular land-based finance instruments (e.g. value capture, property tax, sale of development rights, etc.) as well as to familiarize themselves with the potential of each tool in their own local context. Site visits were arranged during the training to explore related best practices in Korea.