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Land value of Korea's easternmost Dokdo Island estimated at US $5.5 mil.

2018-05-31 10 Dailymotion

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.<br /> In its latest assessment,... the Gyeongsangbuk-do Provincial Government has estimated Dokdo's land value at five-point-five million U.S. dollars.<br />That's roughly nine percent higher than last year.<br />Since the local government began estimating Dokdo's land value in 2000,... it has risen every year.<br />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. <br />

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