@article{ART001235545},
author={Lee,Heon-Seok},
title={Public Legal Issues of Real Estate Finance in Korea},
journal={Public Land Law Review},
issn={1226-251X},
year={2008},
volume={39},
pages={453-477}
TY - JOUR
AU - Lee,Heon-Seok
TI - Public Legal Issues of Real Estate Finance in Korea
JO - Public Land Law Review
PY - 2008
VL - 39
IS - null
PB - Korean Public Land Law Association
SP - 453
EP - 477
SN - 1226-251X
AB - The real estate market was totally separated from the capital market in Korea. Loan financing has been the only method in real estate sector, even the loan was restricted by regulation. However, in 1997, Korea has encountered serious liquidy problems, so-called foreign exchange financial crisis. Government has implemented several measures to promote real estate finance and to increase cash-flows into real estate owners, and to eventually return real estate market back to prosperity. The purpose of this study is to analyze new financing methods, such as asset backed-securities, mortgage backed securities, to find problems about the real estate investment finance system, and to suggest the improving ways of real estate finance.
The second chapter analyzes the present condition of real estate finance market. The third chapter analysis to the basic structure of real estate finance with regard to relevant law of real estate finance. The forth chapter, analyzes the operational results,
actual effects, and current problems of each real estate finance legal systems mentioned in chapter 3. This chapter proposes legal suggestions in the direction of implementing each methods according to market principles, eliminating any obstacles to promote real estate finance, and promoting proper control to real estate finance on protecting the right of investors and the stability of land market conditions too.
KW - 부동산금융(real estate finance);부동산유동화(cash-flows into real estate);자산관리회사(AMC:Asset Management Company);주택채권담보부증권(MBS:mortgage backed-securities);자산유동화증권(ABS:asset backed-securities)
DO -
UR -
ER -
Lee,Heon-Seok. (2008). Public Legal Issues of Real Estate Finance in Korea. Public Land Law Review, 39, 453-477.
Lee,Heon-Seok. 2008, "Public Legal Issues of Real Estate Finance in Korea", Public Land Law Review, vol.39, pp.453-477.
Lee,Heon-Seok "Public Legal Issues of Real Estate Finance in Korea" Public Land Law Review 39 pp.453-477 (2008) : 453.
Lee,Heon-Seok. Public Legal Issues of Real Estate Finance in Korea. 2008; 39 453-477.
Lee,Heon-Seok. "Public Legal Issues of Real Estate Finance in Korea" Public Land Law Review 39(2008) : 453-477.
Lee,Heon-Seok. Public Legal Issues of Real Estate Finance in Korea. Public Land Law Review, 39, 453-477.
Lee,Heon-Seok. Public Legal Issues of Real Estate Finance in Korea. Public Land Law Review. 2008; 39 453-477.
Lee,Heon-Seok. Public Legal Issues of Real Estate Finance in Korea. 2008; 39 453-477.
Lee,Heon-Seok. "Public Legal Issues of Real Estate Finance in Korea" Public Land Law Review 39(2008) : 453-477.
