Home > 2020 IVSC-WAVO Conference > Introduction
The Korea Association of Property Appraisers (KAPA) is the sole statutory body of certified appraisers under the Ministry of Land, Infrastructure, and Transport and has made significant efforts to improve appraisers' qualities and systems, while expanding the work area and enhancing relations with international organizations.
Through such efforts, KAPA is promoting the appraisal industry in the public interest, and as a consequence, is contributing to the stabilization of the related market and the national economy. Furthermore, KAPA has played a leading role in the appraisal field by facilitating ethical and fair transactions and developing appraisal methods.
KAPA is a group of certified professionals putting our best effort to enhance the national economy, to continue serving the public by returning the nation's trust, and to spur the development of the appraisal business based on continuous reform.
The International Valuation Standards Council (IVSC) is a not-for-profit organization that acts as the global standard setter for the valuation profession, serving the public interest. The IVSC is unique in the role it plays as a valuation standard setter.
It is not a valuation trade body. The IVSC is a leader in the mission to raise standards of international valuation practice and is overseen by an independent board of global leaders. The IVSC facilitates collaboration and cooperation among its member organizations, which are valuation service providers, financial services businesses, regulators, international bodies and academic institutions.
The IVSC consists of more than 130 member organizations from around the world and is supported by numerous sponsors who are leaders in the valuation profession.
The World Association of Valuation Organisations (WAVO) is a body that brings together professional property valuation organizations that represent valuers and related property consultants employed in private practice, business and industry, the public sector, and education, as well as specialized groups that interface frequently with the profession. Its mission is to develop and enhance the valuation and related professions, and to ensure the provision of services of consistently high quality and uniformity in the public interest.