Transparent Property Registration: Art Appraisals for National Assembly Candidates

News Title: Korea Art Appraisal Research Center Launches Campaign for Transparent Property Registration for National Assembly Candidates

Subtitle: The Korea Art Appraisal Research Center advocates for fair and transparent property registration by conducting art and cultural heritage appraisals for candidates running for the 22nd National Assembly.

The Korea Art Appraisal Research Center (KAARC) has announced the launch of a campaign aimed at promoting fair and transparent property registration for candidates running for the 22nd National Assembly in South Korea. The campaign, scheduled to commence on April 10th, will focus on providing art and cultural heritage appraisals, ensuring accurate valuation and transparent disclosure of assets.

The KAARC aims to prevent the omission of assets such as art, musical instruments, and natural minerals during the property registration process. Candidates, including themselves, their spouses, and direct lineal relatives, are required to declare their assets, which include real estate, rights related to real estate, personal property, and other assets.

Art and cultural heritage fall under personal property and must be reported at their actual transaction price or assessed value. To facilitate the declaration process, the KAARC will provide candidates with accurate assessed values, as well as detailed specifications including artist and production era, type, and size. This will ensure transparency and enable public officials to fulfill their property registration obligations effectively.

By conducting art and cultural heritage appraisals, the KAARC aims to eliminate societal condemnation of individuals who possess such assets. The center emphasizes that the possession of art and cultural heritage should no longer be a subject of criticism but rather a reflection of societal appreciation for culture and heritage.

The KAARC, known for its expertise in art appraisal, will play a crucial role in providing fair and transparent property registration guidelines for candidates. With a focus on the 22nd National Assembly elections, the campaign aims to uphold ethical standards and promote transparency in public office.

The launch of this campaign highlights the commitment of the KAARC to ensure that candidates running for the National Assembly adhere to ethical standards, avoiding any omissions or misrepresentation of their assets. The campaign period will span the first quarter of 2024, allowing sufficient time for candidates to undergo the necessary appraisals and complete their property registration process.

Through this initiative, the KAARC aims to contribute to a more transparent and accountable political landscape, fostering public trust and confidence in the democratic process. By encouraging fair and transparent property registration, the center aims to create a level playing field for all candidates and promote integrity in public service.