크라우드 펀딩 운용상의 문제점과 개선방안에 관한 연구

The study is designed to look at the problems and seek for measures to improve in operating crowdfunding. T he study was based on literature rese arch. Theses, law enactment and pub lic hearing materials, materials prese nted by the Financial Supervisory Ser vice and recently reported articles thr ough media in relation to crowdfundin g have been collected and analyzed. The study sorted problems and meas ures to improve in operating crowdfun ding. As types of donation, reward an d lending are not clearly stipulated on 「Financial Investment Business and Capital Markets Act」, problems caus ed from conflicting with「Act on the Co llection and Use of Donations」, 「Act on the Consumer Protection in the El ectronic Commerce Transactions」, a nd 「Act on Registration of Credit Busi ness and Protection of Finance Users 」, advertising restriction, resale restri ction, setting of the upper limit on inve stment, complexity in the process of securities based crowdfunding, abse nce of information on issuer, lack of a wide range of restrictions and other s can be presented. Measures were sought to solve such problems. Globa lly the volume of crowdfunding is getti ng bigger. Therefore, in order to make smooth operation of crowdfunding, su ch contents should be reflected to im provement in revising related laws in the future, which could lead to the gro wth of crowdfunding as well as smoot h operation. In addition, it will be mor e spotlighted as a new and alternative financing method in entrepreneur.