일제하 토지 투자 열풍 - 일본인 지주·자본가의 한국 토지 매입 전략과 수익

Abstract

Around the Russo-Japanese War, significant number of Japanese advanced to Korea to purchase lands. In particular, those Japanese who purchased lands in Korea mainly established major farms. Most Japanese landowners and capitalists sought to expand the land management rather than migrated colonial businesses. With the purchase of lands, Korean farmers were used to manage large-scale tenant farms and harvested rice and export them to Japan for creating higher yields. In addition, the Japanese landowners and capitalists used the practice of holding the lands for pledge by providing high-interest loans and then acquired the land at much lower price that the investment yield in land was very high. With the increase in land price, the speculative gain was resulted. After the annexation of Korea by Japan, more Japanese and rich Koreans participated in the speculative land transactions. Under the policy, legal support and tax preference by the colonial authority, the yield on land investment was firmly guaranteed for the major landowners.