부동산정책에 대한 전문가 평가분석 - 한국역대 정부(전두환~노무현)를 중심으로

Analyses of Experts on a Real Estate Policy - Focused on Past Governments of Korea

&nbsp;&nbsp;1. CONTENTS<BR>&nbsp;&nbsp;(1) RESEARCH OBJECTIVES<BR>&nbsp;&nbsp;There are many problems concerning housing in Korea as a result of a recent sharp run-up in real estate prices. This study sets out to review the characteristics of the housing policies implemented by successive Korean administrations, on the basis of which it analyses the overall level of public satisfaction with housing policies.<BR>&nbsp;&nbsp;The number of administrations was limited to the five most recent governments from that led by President Choo Doo-hwan to the current administration headed by President Roh Moo-moo. A questionnaire survey was conducted asking respondents about their level of satisfaction with the real estate price stabilization policies, economic stimulation policies, anti-speculation policies and housing supply policies adopted by these administrations in order to elucidate the future direction of real estate policies.<BR>&nbsp;&nbsp;(2) RESEARCH METHOD<BR>&nbsp;&nbsp;the empirical analysis<BR>&nbsp;&nbsp;(3) RESEARCH METHOD<BR>&nbsp;&nbsp;First, the Chun Doo-hwan administration ranked highest in the level of satisfaction with real estate price stabilization policies, followed by the Kim Young-sam, Roh Tae-woo, Kim Dae-jung and Roh Moo-hyun administrations. Actually, however, it was during the Kim Young-sam adminstr ation that real estate prices were most stable. Also, real estate prices soared most dramatically during the Roh Tae-woo and the Roh Moo-hyun administrations. Therefore, the low degree of satisfaction with real estate price stability under the Current Roh Moo-hyun government may be attributable to the hike in real estate prices. Second, analysis of the degree of satisfaction with real estate policy in regard to economic stimulation policies showed that the public was most satisfied with the Chun Doo-hwan government, followed respectively by the Roh Tae-woo, Kim Dae-jung, Kim Young-sam and Roh Moo-hyun administrations. In the case of the Kim Young-sam and Rho Moo-hyun governments, real estate policies did not seem to have contributed greatly to boosting the national economy. Third, the degree of satisfaction withn anti-speculation policies was highest for the Roh Tae-woo administration followed by those of Chun Doo-hwan, Kim Young-sam, Kim Dae-jung and Roh Moo-hyun in that order. Fourth, in regard to social equality policies, the degree of satisfaction was ranked in the order of the Chun Doo-hwan, Kim Dae-jung, Roh Tae-woo, Kim Young-sam and Roh Moo- hyun administrations. Fifth, overall satisfaction with real estate policies in general for each of the five administrations was highest in the case of that of Chun Doo-hwan, followed respectively by those of Roh Tae-woo, Kim Dae-jung, Kim Young-sam and Roh Moo-hyun. However, based on objective indicators, the Kim Young-sam government maintained the most stable housing policies and achieved the highest housing construction volume and housing supply rate on an annual average.<BR>&nbsp;&nbsp;2. RESULTS<BR>&nbsp;&nbsp;Ultimately, such differences in perception may perhaps be best analyzed in relation to overall macro-economic policies rather than housing policies alone. Evaluation as to performance was divided based on each administration&quot;s ability to manage the macro-economy instead of a particular real estate-related policy.<BR>&nbsp;&nbsp;That is, most survey respondents believed that when real estate prices were considered in relation to price stability and wage levels, housing was most affordable during the Roh Tae-woo and Chun Doo-hwan administrations. Although house prices declined during the Kim Young-sam administration, the relatively low price of housing did not necessarily improve the housing environment for the general public.<BR>&nbsp;&nbsp;Therefore, it appears that the degree of satisfaction with real estate policies is not evaluated solely based on real estate policies but is also affected by the overall economic situation as well as politi