Summary 「Act on Value Enhancement of Hanok and Other Architectural Assets」was enforced in 2015 in order to have Hanok’s intrinsic historical and cultural value at a national level or build an institutional framework for the active use of architectural assets. This act regulates details about special exceptions to relevant statutes and tax reduction for the registration of exceptional architectural assets and designation and management of architectural asset value enhancement zones intended for buildings, spatial environments, and facilities. Since the enforcement of the act, 11 municipal governments has enacted architectural asset-related ordinances and built the institutional framework
for the preservation and usage of the asset at a local-government level for two years.
However, five municipal governments have conducted basic research based on the implementation of a new system. Three of 11 municipal governments try to establish action plans, and only two municipal governments, which is Daegu Metropolitan City and Gunsan, Jeollabuk-do, have designated architectural asset value enhancement zones. Also, Seoul (11 zones) has been planning to designate the zones based on Hanok-concentrated areas. In fact, no municipal government has designated
architectural asset value enhancement zones.

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