국내 부동산개발업의 특성과 발전방향

A Charactieristic and Its Development Directions of Real Estate Development Business in Korea

&nbsp;&nbsp;1. CONTENTS<BR>&nbsp;&nbsp;(1) RESEARCH OBJECTIVES<BR>&nbsp;&nbsp;In this article, I&quot;m going to seek for the foundation background of real estate development business through the definition and business structure of real estate development. Next, current condition of real estate development business in Korea will be investigated. Lastly, based on former discussion we will identify characteristics of real estate development in Korea and look for the way to develop it.<BR>&nbsp;&nbsp;(2) RESEARCH METHOD<BR>&nbsp;&nbsp;To achieve the research objective. We made use of the previous related data of Korea Developer Association and statistical data and so on.<BR>&nbsp;&nbsp;(3) RESEARCH RESULTS<BR>&nbsp;&nbsp;Approximate characteristics of real estate development in Korea based on it&quot;s current condition and status are following.<BR>&nbsp;&nbsp;First, the concepts of real estate development and it&quot;s business are not clear. Second, classification of real estate development as an industry is somewhat unclear. Third, real estate development in Korea was influenced a lot by the IMF incident suffered in late 90&quot;s. Forth, in business structure, real estate development is too much dependent on construction companies and banking institutions. Fifth, most real estate developers in Korea are small in size and scale. Sixth, the areas of real estate development are mainly focused on residential real estate development. Seventh, institutional basis should be strengthened for healthy growth of real estate development. In conclusion, real estate developers&quot; voluntary efforts are needed.<BR>&nbsp;&nbsp;2. RESULTS<BR>&nbsp;&nbsp;For revitalization and development of real estate business, there should be the establishment of clear concept on real estate and proper steps for improving industrial classification system. Also, there should be administrative and financial support from the government, and private associations should try to do their best for increasing specialty and trust on real estate business.