Land value of Korea's easternmost Dokdo Island estimated at US $5.5 mil.
- 6 years ago
To Koreans it's priceless and most certainly NOT for sale,... but officials have put a monetary value on the country's easternmost Dokdo Island.
In its latest assessment,... the Gyeongsangbuk-do Provincial Government has estimated Dokdo's land value at five-point-five million U.S. dollars.
That's roughly nine percent higher than last year.
Since the local government began estimating Dokdo's land value in 2000,... it has risen every year.
An official attributed the rise in value to the uptick in public interest in Dokdo as well as the economic value of submarine resources surrounding the East Sea island.
In its latest assessment,... the Gyeongsangbuk-do Provincial Government has estimated Dokdo's land value at five-point-five million U.S. dollars.
That's roughly nine percent higher than last year.
Since the local government began estimating Dokdo's land value in 2000,... it has risen every year.
An official attributed the rise in value to the uptick in public interest in Dokdo as well as the economic value of submarine resources surrounding the East Sea island.