107249
Korean real estate service industry has been opened to the world market since January 1996 along with under the WTO system. As a result, most of real estate business are opened, including real estate brokerage, appraisal, and property manageme...
107249
Korean real estate service industry has been opened to the world market since January 1996 along with under the WTO system. As a result, most of real estate business are opened, including real estate brokerage, appraisal, and property management etc,.
Futhermore, foreign corporations and individuals will be able to acquire land with no restriction in the amount of space acquisition, purpose of development and qualification beginning on June 1998.
Changing the market circumstances of real estate industry need reform the current regulations and policy measures regarding to real estate service system.
Therefore, there is a need to make a new and free business environment for domestic fms. Also, the policy of real estate industry need to be changed to enhance managerial transparency and to be provided entry convenience in the real estate service system.
This study aims to provide policy alternatives for the specialization and large-sized upbringing of real estate brokerage, real estate appraisal and real estate consulting under the market openness.
It should be considered both for maximizing benefits of liberalization and for minimizing costs to be paid.
This study is composed of six chapters.
The first chapter provides purpose and methodology of research.
The second chapter makes a new attempt to define the conception of real estate service industry and reviews the liberalization process of real estate services market.
The third chapter analyzes total pattern of market, processing activities, and appraisal market in Korean real estate industry.
The forth chapter analyzes the real estate service systems of the United States, England, and Japan, and thus finding policy implications from their experiences.
The fifth chapter discusses the policy alternatives to improve the specialization and large-sized upbringing of domestic real estate service industry. In relation to its effective measures, this research suggests removing out rigid regulations, introducing advanced services learned from foreign countries, enhancing professionalism of the service related persons, and establishing the real estate information network system.
The last sixth chapter summaries fact findings and policy suggestions.