To examine the problems Land Use Right Granting System(LURGS) of North Korea has, we explore its similarities as well as differences between North Korea and China, because that of North Korea seems to follow China"s. We analyze some properties of LURGS like the introduction backgrounds, processes, and other characteristics with respect to each country. The results show that one of the main purposes of the introduction and enlargement of the LURGS in China is to finance to manage local governments. Besides the same intention as China, North Korea has a problem pressing for foreign investments to regenerate its economy with extreme depression. There are differences between the two. First, China started the system in rural land use not urban one, while North Korea did it in urban one. Second, the system of China served urban land use right to foreign corporations after experiencing several stages, while that of North Korea did so, without any preliminary process. One of the biggest differences between the two is that Chinese can enjoy the system, while North Koreans can"t, because the system of North Korea takes only effects on foreign corporations and overseas Korean including North Korea corporations belonging to joint venture with foreign ones. There are some suggestions that firstly, the total amount of land management system is needed in North Korea, because the LURGS changes non urban land use into urban one, secondly, the pricing method of the right should be based on for what the land use will be, not whether its location is in SEZ, lastly, the granting levy should be also based on the standard land price with good reasons.
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