• Journal of the Korean Regional Science Association
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• v.31 no.2
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• pp.63-77
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• 2015

Effects of shifting trend from Chonsei to monthly-rent and the changes in rental housing prices upon the welfare of tenants has been analyzed. In 2014, welfare of tenants has been found to be decreased by 660 billion Korean Won due to the change in rental housing prices. From the point of view of the welfare of tenants, it has been found that monthly-rent stabilizing policies are 1.47 times more effective than Chonsei price stabilizing policies. The effect of monthly-rent stabilizing policies has been found to be increased with the increase in the proportion of monthly-rent transaction, the decrease in the speed of the shifting trend from Chonsei to monthly-rent, the decrease in interest rate, the decrease in the proportion of variable deposit in monthly-rent, the decrease in the proportion of debt in Chonsei deposit. These findings indicate that the relative importance of monthly-rent stabilizing policies will be increased in the future.

• The Journal of the Korea Contents Association
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• v.15 no.7
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• pp.531-543
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• 2015

Benjamin, Lusht, and Shilling(1998) suggested that the level of deposit can be used as a tool to resolve the problem of adverse selection by the leaseholder under the circumstance of information asymmetry. In this respect, this research aims to verify how the level of deposit and monthly rent mitigate the problem of information asymmetry existing in the office market in Seoul. So far, the analysis of the office market in Seoul has been difficult due to the fixed rate of deposit and monthly rent. This research attempts to adopt the concept of occupancy cost, a global standard indicator that would replace the default risk of monthly payment for analyzing the market. As a result of a series of empirical analysis, the lessors tend to add about 9 percent of risk premium to the occupancy cost to hedge against the default risk of monthly payment. It allows for estimating at what extent one should reflect the leaseholder's default risk of monthly payment for operating deposit and monthly rent in the office building lease market.

• Land and Housing Review
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• v.6 no.4
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• pp.195-213
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• 2015

Recently, there has been changing the housing rental market paradigm structure which has been increased the ratios of partly monthly rental ratios, because of increasing chonsei's price, the preference of monthly rental and the rack of chonsei's supply amount. This study had done a survey of 1,400 people for private and public rental residents by region and housing types during Dec. 2014. According to the result of survey, Market participant prospect strongly to change chonsei to monthly rental market structure and the reason of rising of chonsei's price is the preference of householder's monthly rental because of decreasing interest rate and the rack of chonsei's supply amount. The housing policy's proposal of the stability of low income class's housing and jense's price strongly recommended the expansion of public rental housing supply and the activation of private rental housing, the expansion of chonsei loan, housing boucher etx. The rental market policy for high income class have desired to market autonomy than public side's intervention, on the other hands, the rental market policy for low income class have strongly need to the public side's intervention such as the contiuneous long-term rental housing supply.

• Journal of the Korean Data and Information Science Society
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• v.25 no.6
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• pp.1361-1369
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• 2014

This research is for analyzing the change rate of housing rent price index produced by KAB (Korea Appraisal Board) in the monthly periodical, Survey on Housing Monthly Rent. The index is a very important and useful indicator to understand and diagnose the house rental market. However, the index is criticized in that it tends to decline when the price level of Jeonse (i.e., a typical type of dwellings in Korea, generally leased on a deposit basis for 1 or 2 years) is highly going up, which is inconsistent with the actual economic sentiment of tenants. We verify the reason why such phenomenon occurs and suggest a simple but novel method to analyze properly the change rate of the index. The main findings are as follows. The key factor to trigger the problem is the use of the conversion rate for Jeonse-to-monthly rent for constructing the rent price indexes. We separate the effect of the conversion rate out of the change rate of the index and quantify the adjusted real change rate showing an increase of the rent price level which is masked by the conversion rate before.

• Land and Housing Review
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• v.14 no.4
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• pp.17-37
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• 2023

The rental housing market in South Korea, specifically monthly rent with deposit, has been expanding over the last three decades (8.2% in 1990 to 21.0% in 2020), partly replacing the traditional Jeonse market. The distribution of rent has changed due to public rental subsidies and the emergence of luxury rental housing, while the distribution of rental household income has been polarized because of the emergence of rich renters. This study attempts to measure the structural changes in the rental market by developing a new indicator of income-rent mismatch. Using the seven series of the Korea Housing Survey, this study analyzed the changes in rent (reflecting the conversion rate) and income levels of rental households in 2006 (base year) and 10-15 years later (the analysis year) at the national level and at the spatial unit of 16 metropolitan cities and provinces (excluding Sejong), respectively, by dividing them into quartile data. The result reveals that rental housing was undersupplied in middle- and high-income rental housing due to the decline in the highest quartile (25%→18%) and the third quartile groups (25%→20%), while the supply of public rental housing expanded for the second quartile (25%→28%) and the lowest quartile (25%→35) groups. On the demand side, the highest income quartile shrank (25%→21%), while the lowest income quartile grew (25%→31%). Comparing the 16 metropolitan cities and provinces, there were significant regional differences in the direction and intensity of changes in rent and renter household income. In particular, the rental market in Seoul was characterized by supply polarization, which led to an imbalance in the income distribution of rental households. The structural changes in the apartment rental market were different from those in the non-apartment rental market. The findings of this study can be used as a basis for future regional rental housing markets. The findings can support securing affordable rental housing stock for each income quartile group on monthly rent and developing housing stability measures for a balance between income and rent distribution in each region.

• Proceedings of the Korean Statistical Society Conference
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• 2002.11a
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• pp.321-326
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• 2002

상가건물임대차보호법의 시행령을 제정하는데 필요한 근거정보를 수집하기 위한 임차 사업체조사의 표본설계과정과 추정법을 설명하고 주요 조사결과를 제시하였다.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.30 no.2
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• pp.243-252
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• 2020

Recently, the proportion of housing lease has been increasing to an overwhelming level in line with the increase of single-person households and the change in the form of housing. In the normal case, the use of rental-type housing is subject to a housing lease agreement through a licensed real estate agent. In the event of a transaction conclusion, licensed real estate agent shall issue a contract containing the personal information of the lessee, the renter, and the licensed real estate agent to the transaction party. In this case, it is necessary for the lessee to provide the contract to a third party. This paper analyzes relevant laws and regulations and the status of housing transactions, focusing on personal information processed between offline housing lease agreements. And when issuing a contract through IRTS, we propose a way to protect personal information by providing a third party in three forms: information Data Subject-based, Purpose of usage-based De-identification, and Certificate of Contract.

• Journal of the Korean Geographical Society
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• v.35 no.2
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• pp.295-306
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• 2000

본 연구는 삶의 질에 관한 관점을 우리 나라 도시저소득층의 주거실태를 중심으로 살펴보고자 한다. 이를 바탕으로 주거빈곤층의 삶의 질 향상을 위한 발전대안을 모색하도록 한다. 국내외 거의 모든 ‘삶의 질’선행연구에 있어 중요한 지표로서‘주택’,‘주거환경’,‘주거장소’등 주거에 관한 상이 포함되어 있다. 즉 삶의 질 연구에 있어 주택 및 주거환경은 가장 기본적이고 필수적 요소임을 확인할 수 있다. 주거빈곤을 기능적 측면, 경제적 측면, 최저주거기준 측면, 그리고 주거권 측면에서 분석하고, 한국의 주거빈곤실태를 파악하였다. 특히 서울을 비롯한 대도시의 주거빈곤층은 달동네.산동네라 불리는 불량주거지, 비닐하우스, 쪽방 등에 거주하며, 이들은 주로 주택점유 형태상 전세, 보증부월세, 월세 등의 임차가구의 대부분을 차지한다. 삶의 질과 주거환경개선을 위한 발전대안 모색을 위해 주거분야 ‘삶의 질 지표’를 제안하였다. 지표의 내용으로 주택 그 자체뿐 아니라 주거기능이 원활하도록 하는 공공서비스, 안전 등의 광의적 접근이 필요함을 강조하였다. 아울러 삶의 질에 관련된 정책과제를 해결하기 위해서는 적어도 네 가지 부문(정부, 민간부문, NGO/CBO, 주민)별 각자의 역할을 강조하였다.

• Land and Housing Review
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• v.13 no.2
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• pp.31-47
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• 2022

This paper examines residential environment quality and housing expenses of young households through longitudinal analysis. Using the 5^th and 15^th Korea Welfare Panel Study (KoWePS), this research compared their housing outcomes with those of the Korean households. The statistical analysis revealed that most young households were highly-educated, salaried workers who were predominantly married men in their early 30s. There was a sharp rise in the number of female householders and one-person households. Also, the young households were largely renters of mid-sized multi-family housing with two bedrooms in non-Seoul Metropolitan Area. Their housing expense was slightly higher than the national average. As a proportion of renters of multi-family housing (exclusive of apartments) rose, the proportion of young households who spent more than 25% of their income increased faster than the national average. The proportion of young households in the Seoul Metropolitan Area outpaced the national average. Their monthly rental arrangements grew in contrast to no change in the nationwide monthly rental arrangement over the survey period, resulting in their high burden on housing expenses. Their homeownership rate was below the national average, and it decreased while the overall homeownership rate increased nationwide, implying that their housing affordability was worsened, which made it difficult for them to move up the housing ladder. Thus, this research suggests housing policies that scale up support for young households.

• Land and Housing Review
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• v.15 no.3
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• pp.1-23
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• 2024

In the face of an impending demographic cliff, this research delves into geographical disparities in socioeconomic statuses and living arrangements of young single women in rental housing and also to explore influential factors of their residential assessment and housing expenditure. From the Korean Housing Survey of 2020, the cross-sectional study identified 847 unmarried female single-person householders aged between 20 and 39 in four districts - Seoul and Gyeonggi-Incheon Area (GIA) of Seoul Metropolitan Area (SMA), and metropolises and non-metropolises of non-SMA. The empirical analyses revealed that regardless of regions, most of the respondents were college-educated, salaried employees in late 20s living in a studio flat, seldom bore debt and barely relied on social services. Renters in SMA, employment rate, income and living expenses were higher than those in non-SMA and they resided in small, old but adequate housing with a separate bedroom. In particular, Seoulites suffered from housing cost overburden but most singles in GIA benefited from the lowest housing burden. While the main determinant of residential assessment was livability, housing satisfaction was additionally affected by old housing and the satisfaction with residential environment was also explained by urban amenities. Despite geographical variations, housing expenditure was primarily driven by income and employment.