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An Explanatory Comment on a Subsoil Assets Valuation Method in Korea

Subsoil assets statistics, now published, began in 2007 as part of the National Asset Statistics in accordance with 93SNA (System of National Accounts) standards. It was applied as an indirect estimation method. Subsoil assets are proven resources that are economically available based on present technology and relative prices, and subsoil assets statistics describes the data representing the estimated value of subsoil assets. This article explains how to estimate subsoil assets value, and suggests some ideas to improve current valuing methods, based on changes in recent laws and systems.