Article 43(Institutions specializing in compensation affairs) #
(1) "Institutions prescribed by Presidential Decree" in Article 81(1)2 of the Act means the following institutions: <Amended on Dec. 23, 2014; Aug. 31, 2016; Dec. 8, 2020>
1. The Korea Land and Housing Corporation established under the Korea Land and Housing Corporation Act;
2. The Korea Water Resources Corporation established under the Korea Water Resources Corporation Act;
3. The Korea Expressway Corporation established under the Korea Expressway Corporation Act;
4. The Korea Rural Community Corporation established under the Korea Rural Community Corporation and Farmland Management Fund Act;
5. The Korea Real Estate Board under the Korea Real Estate Board Act;
6. A local public corporation established by the Special Metropolitan City, a Metropolitan City, a Do or a Special Self-Governing Province to implement projects for the development of housing sites, the construction of houses, etc. pursuant to Article 49 of the Local Public Enterprises Act.
(2) Pursuant to Article 81 of the Act, a project operator may entrust the following affairs to any institution listed in the subparagraphs of Article 81(1) of the Act (hereinafter referred to as "institution specializing in compensation affairs"): <Amended on Jan. 17, 2014>
1. Formulation, public announcement, and perusal of a compensation plan;
2. Examination of official records, such as land registers and building registers. In such cases, examination of land registers and building registers may be replaced by examination of general official records of real estate;
3. Examination of facts related to the ownership of land, etc. and rights, other than ownership, thereto;
4. Land survey for partition and cadastral registration;
5. Examination of descriptions in a land record document and object record document;
6. Examination of compensation for the remaining land and the land outside the relevant public works project zone;
7. Investigation into losses incurred in business, farming, fishery, or mining;
8. Computation of the amount of compensation (excluding appraisal);
9. Consultations on compensation, the conclusion of a contract, and the payment of compensation;
10. Handling of civil complaints in relation to compensation and the performance of litigation therefor;
11. Registration of land, etc.;
12. Formulation and implementation of the relocation measures or the payment of resettlement subsidies;
13. Other affairs incidental to compensation.
(3) When a project operator intends to entrust an institution specializing in compensation affairs with the affairs specified in paragraph (2) pursuant to Article 81 of the Act, he or she shall hold prior consultations with the institution specializing in compensation affairs on the scope, terms and conditions of entrustment.
(4) When a project operator entrusts an institution specializing in compensation affairs with the affairs specified in paragraph (2) pursuant to Article 81 of the Act, he or she shall pay fees prescribed in Appendix 1 to the institution specializing in compensation affairs; provided, when the project operator entrusts the institution specializing in compensation affairs with some of the affairs specified in any subparagraph of paragraph (2), the fees for the partial entrustment shall be stipulated by agreement between the project operator and the institution specializing in compensation affairs.
(5) If an institution specializing in compensation affairs pays for any extra expense, such as an appraisal fee, land survey fee, registration fee, or attorney's fee, which is not an ordinary expense incurred in the course of performing affairs, the relevant project operator shall reimburse such expense to the institution specializing in compensation affairs separately in addition to the fees specified in paragraph (4).
[This Article Wholly Amended on May 28, 2013]