• Journal of Cadastre & Land InformatiX
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• v.49 no.1
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• pp.29-43
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• 2019

In this study, to solve the problem of the Association-led Housing Reconstruction Business (AHRB), as an alternative to the AHRB, the reliability of the Trust company-led Housing Reconstruction Business (THRB) is verified. To this end, the AHRB and the THRB comparison analyses were performed for the project period, income and expenditure, and the calculation of the Reconstruction Charges (RC). The results of the study are as follows: First, the THRB's business period is shorter than the AHRB's. Second, the THRB's business value is likely to be superior to the AHRB's. Third, due to differences in the calculation period of excess profit for housing reconstruction and the cost items related to implementer, the THRB's RC will be less than the AHRB's RC. Thus, the stability of the THRB has been partially verified as an alternative to the AHRB. The THRB is expected to expand further in the future.

• Construction Engineering and Management
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• v.1 no.4 s.4
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• pp.34-35
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• 2000

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.315-335
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• 2000

• 재활복지
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• v.21 no.2
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• pp.29-62
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• 2017

The purpose of this study is to find out the main operational scheme of the "financial planning" and "the trust" for people with developmental disabilities as a means of property protecting and managing for them. The results are as follows; Regarding to "Financial planning", it is necessary to establish a measure to meet the financial needs for people with developmental disabilities in future plan; Issues to be taken care of in the point of financial planning include plan for the maintenance and use of property for their independent life; and public and private resources and support for the disabled. Obstacles are lack of national awareness of the financial planning for the disabled. In relation to the contents of the "trust" of people with developmental disabilities, the principles of operation are assuring universality, publicness, stability, self-decision making, and individuality; operating system is a mixture of public and private; subjects of target are people with developmental disabilities with no parents or caring family as well as income. The required support is a supervisory system for the secure management of asset to entrusted institutions; the decision support system for people with developmental disabilities; maintaining the qualification of government receipt of public assistance for those who do not redeem up to a certain amount of personal property utilizing the trust system.

• 주택과사람들
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• s.166
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• pp.20-24
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• 2004

부동산 간접투자 여건을 개선하여 자금흐름의 선순환을 유도하는 것이 부동산 실물 투자 욕구를 흡수할 수 있는 효과적인 대안으로 보인다. 지난해 아파트시장에 이어 토지시장이 다시 들썩이고 있다. 정부의 각종 투기억제정책 등으로 투기가 확산되기는 힘들겠지만 시중 유동성이 자본시장 등으로 선순환되지 않는 한 부동산투기는 언제든지 재현될 가능성이 남아 있다. 부동산 투기가 상품을 바꿔가면서 반복되고 있는 가장 큰 원인으로는 저금리 기조에 따른 풍부한 유동성과 부동산 간접투자상품 등 대체투자 수단이 다양하지 못한 점을 들 수 있다. 이에 부동산 직접투자의 대안으로 부상하고 있는 부동산 간접투자 여건을 진단해 본다.

• Journal of the Korea Convergence Society
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• v.8 no.3
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• pp.225-235
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• 2017

Firms employ one of two stock repurchasing methods, either direct open market repurchase or indirect repurchase through trust contracts. Since these two methods have some regulatory differences, managers of firms may use a repurchasing method as a signal to convey the information to the market. Therefore, this study investigates the relationship between stock repurchasing methods and implied cost of equity of firms. The results show that there is a significant and negative relationship between stock repurchase announcement and cost of equity. In addition, the implied cost of equity for firms employing direct open market repurchase is significantly lower than those of firms that use indirect repurchase method. Overall, the market accurately reflects the information conveyed by two stock repurchasing methods into cost of equity of firms.

• Land and Housing Review
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• v.4 no.1
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• pp.107-117
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• 2013

This study aimed to assess the rental housing ABS in Korea, and to suggest ways of improving the structure of existing rental housing ABS. Thus, the three major assessment for existing public rental housing ABS case can be summarized as follows : First, when viewed in terms of the accounting treatment, rental housing ABS which use the future receivables as underlying asset, can not enjoy off-balance-sheet effect. Second, when viewed from the point of financing costs, the rental housing ABS interest rate being higher than unsecure bond is very unreasonable nevertheless the ABS being off-balanced. Third, when viewed from the liquidity effect, the originator (LH) use the ABS as a means of diversifying funding in a serious liquidity crisis situation. The Improvement of rental housing ABS based on the evaluation results can be summarized into two broad. First, it is a plan to handle the off-balance-sheet effect in a way of changing the accounting treatment of rental payment. Second, it is a plan to reducing the structuring cost and interest rate in ways of multi-asset securitization structure, self-trust structure, and adopting legal CB structure.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.25 no.6_2
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• pp.653-663
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• 2007

The purpose of this study is to suggest concrete approaches of copyright application among various map price policies to establish the system of a digital map market, to revitalize its market, and to give the public better map services. To do this, we analyzed copyright law in Korea and the copyright protection of digital map in foreign countries firstly, investigated the applicability of copyright to the map market in Korea, analyzed the effect on this market, and suggested an direction of the revision for the Surveying law and the National Geographic Information (NGlS) law lastly. We drew several conclusions. Firstly, the protection of the rights of database makers is the best approach to protect digital maps in korea. Secondly, we need to adopt copyright to the Surveying law and the National Geographic Information Systems (NGlS) law. Lastly, establishing a copyright trust organization to improve the quality of digital maps and to manage various affairs is needed.

• Knowledge Management Research
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• v.23 no.1
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• pp.149-164
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• 2022

This paper analyzes the independent financial advisory business that is not yet active in Korea and proposes a plan to activate the independent financial advisory business using fintech technology. A bill was enacted in 2017 for the domestic independent financial advisory business, but it has not been activated much until now for various reasons. Although existing studies have proposed solutions in various ways, there is no clear solution yet. This paper proposes a new method of revitalizing the independent financial advisory business through fintech technology using the trust system that has recently attracted attention. Digital securities fintech technology using blockchain distributed ledger technology presents new possibilities in the real estate and music copyright markets, and related fintech venture companies continue to emerge in Korea. By combining these digital securities fintech technologies and the business process of ETF, a method was derived so that independent financial advisors can have their own financial products. The proposed model is more decentralized than the existing financial product sales structure, and presents the possibility of a protocol economy through a structure close to a private blockchain while complying with the existing financial order. This paper is meaningful in that it presented new solutions to completely different markets from information convergence perspectives on two completely different markets, and we hope that more business solutions will emerge through knowledge management activities that converge various perspectives in the future.

• Journal of Environmental Impact Assessment
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• v.32 no.4
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• pp.242-250
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• 2023

The continuity of urban space is being destroyed by disorderly high-rise development caused by reckless development, and the resulting deterioration of urban landscape is emerging as a major problem. Disordered high-rise development is adversely affecting the urban environment, such as depriving residents of the basic rights of view and sunlight and privatizing the scenery that urban residents should enjoy together. In order to create a continuous urban landscape, indiscriminate high-rise development is restricted and compensation for the affected areas is needed. Various regulations have been carried out to this end, but it is difficult to overcome the pressure and damage to high-rise development by regulations alone. Accordingly, discussions have been underway to introduce a compensation system. Among them, discussions on the introduction of a 'Transfer of Development Right' (TDR) in which land ownership and development rights are separated and compensated for development rights have been drawing attention. However, in Korea, it is difficult to introduce the system due to various problems related to the separation of development rights. In order to overcome the limitations of the introduction of TDR, this paper analyzed the concepts and characteristics of 'Real Estate Investment Trusts' (REITs) and presented a policy model for the development right transfer system incorporating REITs for effective landscape management.