Korea Association of Property Appraisers Hosts Trilateral Cooperation Meeting in Seoul

In-depth Discussion on Strategies for Integrating Digital Technologies

Appraisers from Korea, China, and Japan gathered in Seoul to explore strategies for industrial innovation in the era of digital transformation.

The Korea Association of Property Appraisers announced on May 30 that it recently hosted the 6th Korea-Japan-China Appraisal Cooperation Meeting at the Appraisers’ Hall in Seocho-gu, Seoul. The two-day event, held from May 29, was attended by around 200 participants, including appraisers from the three countries, as well as officials from government and related organizations.

First held in 2013, the trilateral appraisal cooperation meeting aims to establish a framework for exchange and cooperation and to seek sustainable development of the East Asian appraisal industry. This year marks its sixth edition.

Representatives from the three countries attending the 6th Korea-Japan-China Appraisal Cooperation Meeting are taking a commemorative photo. From the left, Wang Xia, Deputy Secretary General of the China Real Estate Appraisers and Agents Association; Yang Gilsu, President of the Korea Association of Property Appraisers; Masayuki Yoshimura, President of the Japan Association of Real Estate Appraisers. Provided by the Korea Association of Property Appraisers.

This year’s meeting was held under the theme of “Proptech and Appraisal,” focusing on the impact of new technologies such as artificial intelligence (AI), big data, and blockchain on the appraisal industry. The presentations were organized into two sessions: “AI Prospects in the Real Estate Industry” and “The Impact of Proptech on Appraisal.”

In the first session, appraiser Lee Hoon presented the limitations of AI and directions for improvement based on the results of automated valuation model validation. Jun Komuro from Japan introduced cases of AI and IT application in appraisal firms, while Dr. Xu Jun from China discussed on-site challenges arising from the adoption of AI.

In the following session, Kim Okjin, head of the center at the Korea Association of Property Appraisers, explained practical examples of proptech implementation. Hajime Kawachidani from Japan explored the potential of digital-based sales comparison approaches. Professor Yan Shudong from China analyzed how technological advancements have changed appraisal methodologies.

Yang Gilsu, President of the Korea Association of Property Appraisers, stated, “This meeting provided an opportunity to discuss the future direction of the appraisal industry in the era of digital transformation and to broaden the scope of cooperation among the three countries. We will continue to strengthen international solidarity and lead future innovation.”

The 7th cooperation meeting is scheduled to be held in Japan in 2027.

Participants of the 6th Korea-Japan-China Appraisal Cooperation Meeting are taking a commemorative photo. Provided by Korea Association of Property Appraisers