Korean government pronounced legislative directions for the shop key money protection on 24 Sept 2014. They includes introduction of standard contract form, insurance, and conciliation committee for the shop key money. Most of all, the key of them i...
Korean government pronounced legislative directions for the shop key money protection on 24 Sept 2014. They includes introduction of standard contract form, insurance, and conciliation committee for the shop key money. Most of all, the key of them is to protect innocent tenants from predatory leaseholders with imposing leaseholder’s responsibility for not disturbing the trade of the shop key money between tenants. This paper is to analyze the impact of the shop key money protection on the real estate market. For it, this paper grasps the structure of shop rental markets, investigates the relationship between the shop key money and the real estate market, and analyzes the expert"s recognition of legislative protection for the shop key money on the real estate market with interview investigation and questionnaire survey. Experts said that legislative protection for the shop key money would be helpful to protect tenant’s shop key money and not responsible for the real estate market like shop price, rent, deposit and market extensibility of the shop key money. It is difficult to conclusively anticipate impact of legislative protection for the shop key money on the real estate market, because the shop key money is different in localities, market type, business type and so on. However, the legislative protection for the shop key money might not affect the real estate market much because it intends to regulate lessors who want to snatch the shop key money from tenants.