부동산 조각투자의 개념정립에 관한 연구

Abstract

This research aimed to define the academic concept of real estate fractional investment by exploring and analyzing its fundamental concepts and unique characteristics. The findings of this study highlighted the need to define the concept of real estate fractional investment by outlining its definition and characteristics, and by analyzing its status both domestically and internationally. The study also revisited the concept as understood in prior research, suggesting directions for its future development. Given that real estate fractional investment platforms have only recently been commercialized and their terminology and structure remain largely unfamiliar, there is an immediate need for a clear academic definition of these concepts and the introduction of relevant regulatory frameworks. In particular, the study emphasizes the importance of thoroughly examining the goals, scope, and underlying principles of real estate fractional investment. Distinct from typical fractional investments which center on ownership rights as per 「Civil Law」, real estate fractional investments should be viewed through the lens of securities under 「Capital Market Law」. This necessitates a careful review of relevant legal frameworks and a strategic approach in distinguishing real estate fractional investments from other forms of fractional investments, as well as in determining their specific direction and scope.