@article{ART002330725},
author={I TaLy and 송연호 and Hwang, Gwan Seok and Chungyu Park},
title={Analysis of the Redemption Risk of Renters Using CoLTV},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2018},
volume={28},
number={1},
pages={65-77},
doi={10.35136/krer.28.1.5}
TY - JOUR
AU - I TaLy
AU - 송연호
AU - Hwang, Gwan Seok
AU - Chungyu Park
TI - Analysis of the Redemption Risk of Renters Using CoLTV
JO - Korea Real Estate Review
PY - 2018
VL - 28
IS - 1
PB - korea real estate research institute
SP - 65
EP - 77
SN - 2092-5395
AB - This paper analyzes the redemption risk of renters by estimating the LTV and CoLTV with finance market big data (individual credit information) and housing market big data (actual housing transaction data). The analysis showed that when using LTV, the redemption risk was higher in the case of the monthly renter than of the chonsei renter. On the other hand, when using CoLTV, the chonsei renter had a higher redemption risk than the monthly renter. This implies that there is a need to activate a guarantee system, such as risk management using the CoLTV index and the chonsei deposit return guarantee because it is possible for renters to experience losses on their chonsei deposits due to the higher redemption risk. Another implication is that the risk manager should consider the individual characteristics of renters because of the different effects of the redemption risk stemming from the characteristics of the rental contract and the personal characteristics of the renters. CoLTV was just a concept until this study calculated it using housing big data and actual housing transaction information. It helps identify the redemption risk through the characteristics of renters and their contracts.
KW - housing finance big data;CoLTV;redemption risk
DO - 10.35136/krer.28.1.5
ER -
I TaLy, 송연호, Hwang, Gwan Seok and Chungyu Park. (2018). Analysis of the Redemption Risk of Renters Using CoLTV. Korea Real Estate Review, 28(1), 65-77.
I TaLy, 송연호, Hwang, Gwan Seok and Chungyu Park. 2018, "Analysis of the Redemption Risk of Renters Using CoLTV", Korea Real Estate Review, vol.28, no.1 pp.65-77. Available from: doi:10.35136/krer.28.1.5
I TaLy, 송연호, Hwang, Gwan Seok, Chungyu Park "Analysis of the Redemption Risk of Renters Using CoLTV" Korea Real Estate Review 28.1 pp.65-77 (2018) : 65.
I TaLy, 송연호, Hwang, Gwan Seok, Chungyu Park. Analysis of the Redemption Risk of Renters Using CoLTV. 2018; 28(1), 65-77. Available from: doi:10.35136/krer.28.1.5
I TaLy, 송연호, Hwang, Gwan Seok and Chungyu Park. "Analysis of the Redemption Risk of Renters Using CoLTV" Korea Real Estate Review 28, no.1 (2018) : 65-77.doi: 10.35136/krer.28.1.5
I TaLy; 송연호; Hwang, Gwan Seok; Chungyu Park. Analysis of the Redemption Risk of Renters Using CoLTV. Korea Real Estate Review, 28(1), 65-77. doi: 10.35136/krer.28.1.5
I TaLy; 송연호; Hwang, Gwan Seok; Chungyu Park. Analysis of the Redemption Risk of Renters Using CoLTV. Korea Real Estate Review. 2018; 28(1) 65-77. doi: 10.35136/krer.28.1.5
I TaLy, 송연호, Hwang, Gwan Seok, Chungyu Park. Analysis of the Redemption Risk of Renters Using CoLTV. 2018; 28(1), 65-77. Available from: doi:10.35136/krer.28.1.5
I TaLy, 송연호, Hwang, Gwan Seok and Chungyu Park. "Analysis of the Redemption Risk of Renters Using CoLTV" Korea Real Estate Review 28, no.1 (2018) : 65-77.doi: 10.35136/krer.28.1.5
