2011, Vol.70, No.

The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2

pISSN : 1229-8638
https://journal.kci.go.kr/krihs

In this study, we try to formulate a FTA negotiation strategy for the Korea-GCC FTA, to open up the GCC construction market to Korean construction companies. We look at what Korean negotiators should include in the Korea-GCC FTA provisions, based on the analyzed problems and the results of the Singapore-GCC FTA and the EFTA-GCC FTA negotiations. We conclude that firstiy provisions to guarantee transparency of the procurement process must be included, and the rights of Korean companies to question and request reviews of the procurement process must be guaranteed. Provisions which prohibit any requirements in the bidding requirements not directly related to fulfilling the conditions of the construction projects should be included in order to eliminate or reduce the requirements for foreign construction firms to hire local sponsors or agents. Offset requirements should also be restricted through the FTA. If such provisions are not possible, the negotiators should insist on an ombudsman system to mediate problems between Korean firms and local agents or sponsors. Also, GCC allows price preferences of 5~10% for suppliers from GCC countries. Korean negotiators should follow the lead of the Singapore-GCC FTA, and negotiate a matching price preference for Korean firms.

This paper has analyzed the causes of Cheonse price hike issue in term of home owners' yield maximization. The results are as the followings. First, I exhibit a critique to the previous studies that monthly rent rate and expected price growth rate are the same. There are thresholds that vary by the home owners' preference of the lease contracts type. It is true only if the expected price growth rate is equal to the sum of monthly rents and loan interests. Second, rental income and sales prices, Cheonse prices, monthly rent rates were analyzed as a function of the empirical relationship. Because of tenants' budget constraints, the more expensive sales price, the percentage of the Cheonse price on the sales price is falls. Finally, based on historical data, I determine the probability distribution of sales prices, Cheonse prices, deposits, rent rates, expected price growth. And assuming a given interest rate factors, how potential homeowners, who seek to maximize expected investment yield, would prefer Cheonse contract estimated through Monte Carlo simulations. The percentage of Cheonse contracts appeared to be shrinking depending on the expected price growth rate decrease. Finally, empirical relationship between MR and security deposit is negative and statistically significant.

Recently, ‘the amended Act on the Maintenance and Improvement of Urban Areas and Dwelling Conditions for Residents’ was proposed to introduce the Management and Disposal Method(MDM) for the purpose of expanding the application and residents' options of the residential environment improvement projects(REIPs). This study aims to analyze the applicability of the MDM to the project districts empirically, because the development conditions of the districts are different case by case, and to propose the direction toward institutional improvement of major problems which is expected to occur in applying MDM as a countermeasure. The results are as follows; First, the application of MDM can be different depending on the various local conditions including residents' preference on the project methods, residents' affordability distribution, and a feasibility of development profit. In other words, the MDM system needs to be applied differently considering the district conditions. Second, it is required to consolidate planning contents of REIPs for publicness and to prepare the allocation standard of development profit considering investment ratio.