Appraisers Association and PropTech Company Sign MOU for 'Real Estate Service Advancement'

A commemorative photo taken after the "Mutual Business Agreement for the Development of the Real Estate Service Industry." In the first row from the left: Maeng Jun-young, CEO of Gonggam Lab (House Much), Lee Chang-dong, Leader of Value Map, Ahn Sung-woo, Chairman of Korea PropTech Forum, Yang Gil-soo, President of Korea Association of Property Appraisers, Kim Mi-ryeong, Officer of Real Estate Evaluation Division, Ministry of Land, Infrastructure and Transport, Kim Jin-kyung, CEO of Big Value, Jang Young-tae, CEO of Value Shopping. In the second row from the left: Kwon Geon-baek, Director of Value More, Bae Woo-soon, CEO of Disco, Cheon Kyung-ho, Director of Myeongmun Appraisal Corporation, Jeong Nyeom, CEO of Drone Orange, Yoon Seok-jun, Director of Landviser, Park Sung-sik, CEO of Space Value.
(Photo by Korea Association of Property Appraisers)

The Korea Association of Property Appraisers, the Korea PropTech Forum, and PropTech companies have agreed to collaborate based on the collective intelligence of property appraisers and PropTech technology.

The Association announced on the 1st that it signed a "Mutual Business Agreement for the Development of the Real Estate Service Industry" with the PropTech Forum and PropTech companies at 11 a.m. on the 30th of last month at the Property Appraisers' Hall in Seocho-gu, Seoul.

PropTech is a term combining property and technology, referring to real estate services integrated with information technology. PropTech companies participating in the agreement included Gonggannui Gachi, Gonggam Lab (Housemuch), Drone Orange, Disco, Landvisor, Myeongmun Appraisal Corporation, ValueMap, ValueMore, ValueShopping, and BigValue.

The business agreement was established to promote mutual growth for the development of the property appraisal industry and the PropTech industry and to cooperate jointly. The signatories will work together on ▲ discovering joint tasks for the development of the real estate service industry ▲ cooperation for mutual and joint development ▲ preparing joint cooperation tasks between property appraisal and PropTech.

Chairman Yang Gilsu said, "The Association has continuously strived for the development of the real estate service industry and mutual growth and cooperation with PropTech companies," adding, "We will do our best to provide better real estate services to the public and the nation through the fusion of property appraisers' expertise and PropTech technology."