대출형 크라우드펀딩의 개선방안

Abstract

Crowdfunding could be categorized into four types, distinguished by what fund providers are promised in return for their contributions: (1) the donation model; (2) the reward/pre-purchase model; (3) the lending model; (4) investment model. US President Barack Obama sign the Jumpstart our Business Startups (JOBS) Act in 05 April 2012. The JOBS Act is a legislative package designed to jumpstart American economy and restore opportunities for America’s primary job creators: our small businesses, startups and entrepreneurs. After the enactment of the JOBS act, in Korea, social interest about the crowdfunding has increased. The lending model also called P2P (Peer-to-Peer) Finance is an open marketplace for loans not from bank but from individuals online. Financial transactions are facilitated directly between individuals(‘peers’) without any intermediation of a traditional financial institution. Currently, the two major Korea P2P Finance platforms facilitate lending by allowing individuals acting as lenders to invest in loans to individual borrowers. But, there is no regulation and regulator about the lending model platforms, and protection against the lending model Users. So, it needs to be regulated on the lending model. For the activation of the lending model industry, the regulator should consider the costs of intervention, calibrating the regulation to mitigate risks without creating new problems for users or platforms.