정부의 부동산 규제완화가 금융시장에 미치는 영향과 개선방안

1. CONTENTS (1) RESEARCH OBJECTIVES This research evaluated the change of housing and financial market after less housing control of Korean government. After then it examined what sort of the side effects occurring in financial market and suggested further improvement measurement. (2) RESEARCH METHOD Most of all, there will be some negative influences in the financial market due to the increases of the American interest rate and higher standard interest in South Korea. So this research suggested further improvement measurement. (3) RESEARCH FINDINGS First, it would be concern that the mid- to low income working class has the burden of mortgage and interest because of the growth of household debt while the standard interest increases. Second, it would be expected that housing price declines as the market is flooded with total volume of real property and the rise of mortgage interest and real estate loan. Third, it might be difficult to improve financial structure of construction according to the increase of interest and unsold apartments. Forth, it would get negative effects on bank asset soundness, resulting in the decreased of housing mortgage value and some overdue interest. 2. RESULTS Therefore, the government has to find optimal responses to cope with the problems; it reduces Lone to Value (LTV) gradually in financial sector and it should secure bank asset quality as segmentation of Debt to Income (DTI) based on sustainable income. It is necessary to control dealing in housing market and encourage sales of estate focusing on the end user. Moreover it has to set up housing policy providing beneficial support to the first house buyer like the other developed countries.