Article 1(Purpose) #
The purpose of this Act is to prescribe matters necessary for compensation to the owners of land included in river areas who have not received compensation due to the expiration of the extinctive prescription of the right to claim compensation, special cases for compensation in the case of implementing public works, and other relevant matters.
Article 2(Scope of application) #
In any of the following cases, if a person fails to receive compensation because his or her right to claim compensation has been extinguished due to the expiration of the extinctive prescription under Article 3 of the Act on Special Measures concerning Compensation for Land Incorporated into River Areas, the Special Metropolitan City Mayor, Metropolitan City Mayor, or Do Governor (hereinafter referred to as the "Mayor/Do Governor") shall compensate for such loss:
1. Where the land becomes a river area as it falls under Article 2 (1) 2 (a) of the River Act before the enforcement date of the River Act (Act No. 2292);
2. Where the land becomes a river area as it falls under Article 2 (1) 2 (a) of the River Act (Act No. 3782) before the enforcement date of the River Act (Act No. 3782) from the enforcement date of the River Act (Act No. 2292);
3. Where the land on the side of a river from a bank becomes State-owned as the River Act (Act No. 2292) enters into force;
4. Where the land on the side of a river from a bank or the site of a bank becomes State-owned before the enforcement date of the River Act (Act No. 2292) from the enforcement date of the River Act (Act No. 892).
Article 3(Extinctive prescription of right to claim compensation) #
The extinctive prescription of a right to claim compensation under Article 2 shall expire on December 31, 2033. <Amended on Apr. 7, 2020; Nov. 11, 2025>
Article 4(Financial resources for compensation) #
The compensation under Article 2 shall be borne by the National Treasury, in the case of national rivers, and by the Special Metropolitan City or Metropolitan City/Do, in the case of local rivers (referring to local class I rivers before the enforcement date of the River Act (Act No. 8338); hereinafter the same shall apply).
Article 5(Notification) #
The Mayor/Do Governor shall give written notice of the procedures for filing a claim for compensation to the landowners and interested persons registered in the protocol of incorporated land prepared for each river, as prescribed by Presidential Decree, with respect to the land on which no claim for compensation has been filed among the land eligible for compensation under Article 2, as prescribed by Presidential Decree, by no later than the end of March each year; provided, where the person to be notified is not clear or the address, residence, or other place to be notified is unknown, he or she shall publicly announce such fact in a major daily newspaper. <Amended on Apr. 7, 2020>
Article 6(Standards for appraisal for compensation amount) #
(1) Appraisal for compensation under Article 2 shall be based on the price as of the date of notification or public announcement of the procedure for claiming compensation pursuant to Article 5, but the land category and land use status at the time of inclusion, restrictions under public law on the relevant land, and the current land use status, the arm's length price, etc. of similar neighboring land shall be taken into consideration.
(2) The claim procedure, calculation method, and other necessary matters for compensation under Article 2 shall be prescribed by Presidential Decree.
Article 7(Special cases concerning compensation for land located in sections of public works projects) #
(1) Any of the following project implementers may compensate for the land eligible under Article 2 at his or her own expense and implement public works, such as river works, under Article 4 of the Act on Acquisition of and Compensation for Land for Public Works Projects:
1. The State or a local government;
2. Public institutions under the Act on the Management of Public Institutions;
3. Local public enterprises under the Local Public Enterprises Act.
(2) In the case of paragraph (1), Article 5, 6, 8 and 9 shall apply, and in such cases, "Mayor/Do Governor" shall be construed as "project implementer".
Article 8(Deposit of compensation) #
(1) In any of the following cases, the Mayor/Do Governor may deposit compensation in the depository office at the location of the land, etc. under Article 2:
1. Where a person entitled to the compensation refuses to or unable to receive it;
2. Where it is impossible to identify a person entitled to compensation without the negligence of the Mayor/Do Governor;
3. Where the payment of compensation is banned by any seizure or provisional seizure.
Article 9(Registration) #
(1) The Mayor/Do Governor shall file an application for registration without delay in accordance with relevant statutes and regulations on the date he or she pays compensation under Article 2 or makes a deposit under Article 8, and other rights to the relevant land or things shall be extinguished at the same time. <Amended on Jul. 27, 2021>
(2) The registration under paragraph (1) shall be made by either of the following methods:
1. The titleholder of a national river shall be the State, and the name of the competent central government agency shall be written together;
2. The titleholder of a local river shall be the competent local government.