부동산 간접투자 활성화를 위한 과제

Abstract

The Real estate Indirect Investment Management carries out functions such as offering the proper vehicle of asset management in the aging society, enhancing the transparency in the real estate market, improving lagged practices, and furthermore supporting the corporate restructuring indirectly. In other word, The Real estate Indirect Investment Management is very meaningful to the national economy because it encompasses the real estate, the finance, the investment, the corporate restructuring and so on. Therefore, We have to improve the real estate investment management system from a broad point of view in order to carry out above-mentioned functions efficiently. Concrete policy assignments are such as;First, We have to unify the legal systems, which are divided as two, into Financial Investment Services and Capital Market Act in order to lead healthy development of the Real Estate Fund Industry. Second, We need to revise the Real Estate Fund regulation by generally reviewing the current regulation. Third, We need to improve the tax system that is related to the real estate fund. When improving, we consider that the tax system is an important tool for pool or indirect investment. Also We need to reinforce the related requirement in order to prevent the tax evasion. Lastly, We need to regulate the real estate finance to some extent such as Fund, Asset Back Securities in order to protect the investors, enhance the efficiency of the resource allocation and secure the stability of the economic system.