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Article 13
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An expert who bases its opinion on the value of the object under review that is appraised by the expert itself shall obtain relevant data of the object on the basis of price determination from the principal, collect necessary information, and perform the following procedures and in accordance with Articles 14 to 18:
- obtain basic information of the object under review, such as location of real estate, use restrictions, the business, product, financial data and prospective financial information of the company under review.
- analyze the past and present operational or use condition of the object under review and, when necessary, understand its planning for future operation or use.
- understand information on macroeconomics, the industry, capital market, and laws and regulations.
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