韓國 不動産金融의 發展過程과 改善方向에 관한 硏究

한국 부동산금융의 발전 과정을 살펴보고 개선 방향을 제시했다.

We suffered from the financial crisis. Many financial institutes were restructured by government since 1998. An immovable property article for sale to hold the company increased and a shortage credit scale of the financial institute expanded. The price fall of the immovable property became the factor to make the restructuring of the financial institute with the company again. We introduce the new system for nonfreezing industry and real estate to sell the asset according to the restructuring to blow easily. In addition, the government promoted through the creation of real estate supply and demand. Thanks to Liquidation and securitization, we could improve better cash-flow.

This study looks into the problem with the current situation of the house finance and history of the real estate financing system in korea. We examine the comparison the system of real estate financing to be executing already. The purpose of this paper is to analyze new financing methods such as asset securitization, mortgage securitization and real estate investment finance and thus to suggest measures to activate the newly introduced real estate finance. The second chapter next to introduction, explains the conception of real estate financing, the aim and the features of real estate financing.

Basic structure and major details and expected effects of real estate finance methods were examined. The third chapter, the history of real estate and the development of real estate in korea were showed. Especially, the policies which are chosen by korean government were mentioned how effectiveness to the market. The forth chapter analyzes the present condition of real estate finance market. Loan used to be the only method for real estate finance below new real estate finance methods such as asset securitization, mortgage securitization, real estate investment companies, etc are introduced from 1998.

And this chapter contains the operational results, actual effects and current problems of each real estate finance method. The fifth chapter proposes policy suggestions in the directions of implementing each methods according to market principles, eliminating any obstacles to promote real estate finance with more emphasis on protecting investors and suggesting policy measures to promote real estate finance and improve market conditions.

In conclusion, we can say that indirect investment into real estate may be considered a reliable one and corresponding stable system for domestic real estate market should be developed, considering the ratio of real estate in national economy, it is necessary to prepare and develop a system that my stimulate the demand for rational investment into real estate for boosting up domestic economy.