K-REITs 활성화를 위한 투자 포트폴리오 효과분석 연구

투자 포트폴리오 효과를 분석해 국내 리츠시장 활성화 방안을 모색했다.

1. CONTENTS (1) RESEARCH OBJECTIVES REITs is a vehicle for making revenue by investing in real estate and capital market, which has been used as a financing method for developers at the same time. This study is to find a way for expanding the Korean REITs market. For the this, this paer explains the structure and characteristics of the Korea REITs market and analyzes the effects of the investment portfolio as an investment product. (2) RESEARCH METHOD This study consisted to literature review and empirical analysis. The first is to identify the trends and main characteristics of the K-REITs and it to draw policy implications.

Empirical analysis method compares the efficient frontiers movement between variables using by Markowitz on choice of portfolio theory. In the mathematical model, it is key issue to set K-REITs as risk-free assets for other objects. (3) RESEARCH FINDINGS The K-REITs has commonalities with governments such as Japan, Singapore and Hong Kong, when these countries grew rapidly. It was found that Korea was retreating. As a result of the empirical analysis, it is found that K-REITs is contribute to stable diversified investment by expanding the efficient boundary in the capital market. 2.

RESULTS Based on the results of this study, emphasizes the necessity of enlargement and popularization of the market in order to grow and develop the K-REITs market. Therefore, investors should be able to easily approach K-REITs and market transparency should be accompanied by the expansion of K-REITs by large corporations and public institutions