• Title/Summary/Keyword: 8.2 Real Estate Policy

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A Study about the Real Estate' Policy Impact on house prices (Focusing on the time series analysis and regression) (부동산정책이 주택가격에 미치는 영향에 관한 연구 (시계열분석과 회귀분석 중심으로))

  • Ko, Pill-Song;Park, Chang-Soo
    • The Journal of the Korea institute of electronic communication sciences
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    • v.5 no.2
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    • pp.205-213
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    • 2010
  • This study was to analyze the past regime's real estate policy and the time-series data on real estate price index from 1986 to 2009 in 24 years. Also, the real estate index and macroeconomic variables, the impact on house price index variable conducted to regression analysis and to analyze whether and how much is affected. Analyzed as follows: First, Korea's real estate policy was the post-policy and the past regime's real estate policy was inconsistent with each other. Second, in the normal phase whenever real estate issues, the measures of the strengthening regulation and of the economic recovery were only to repeat periodically. Third, the timing and means of policy enforcement was an inappropriate and Real estate market was getting worse at the time whenever a real estate policies performed. Fourth, The apartments prices index of the housing types rose the highest and were the most popular for 24 years. Increase or decrease the amount of the price index for apartments, Roh Tae-woo(65.0%) - Kim Dae-jung (42.5%) - Roh Moo-hyun (32.8%) were in order. Fifth, the results of the regression analysis carried out: The impact on housing prices among independent variables were followed by Cap Construction- one per capita income - Housing consumer price index - Accompanying Composite Index - Trailing Composite Index - Home subscription Subscriber account - Leading Composite Index.

An analysis of Newspaper Reports on Government Real Estate Reform Policy in Korea (정부의 부동산 대책과 주요 언론보도 경향 분석)

  • Chae, Young-Gil;Jang, Si-Yeon
    • The Journal of the Korea Contents Association
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    • v.18 no.8
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    • pp.446-458
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    • 2018
  • The media is not just a means of conveying social reality, but is also a political economic subject that restructures social reality. The perceptions and attitudes of the people who read the news can be influenced by the content and direction of the media. Therefore, it is very important to understand and discuss the characteristics of news coverage produced by media. In the case of issues closely related to economic benefits rather than general socio-economic issues, more objective arguments and confirmation of facts are required. In this study, we tried to understand how real estate policy, which is one of the major political and economic issues of S. Korean society, is covered in the media. After analyzing media coverage, we concluded that it was somewhat unreasonable to look at facts about real estate policy objectively and make realistic alternatives, because the framework and attitudes expressed in the articles varied by newspaper.

Understanding Public Opinion by Analyzing Twitter Posts Related to Real Estate Policy (부동산 정책 관련 트위터 게시물 분석을 통한 대중 여론 이해)

  • Kim, Kyuli;Oh, Chanhee;Zhu, Yongjun
    • Journal of the Korean Society for Library and Information Science
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    • v.56 no.3
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    • pp.47-72
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    • 2022
  • This study aims to understand the trends of subjects related to real estate policies and public's emotional opinion on the policies. Two keywords related to real estate policies such as "real estate policy" and "real estate measure" were used to collect tweets created from February 25, 2008 to August 31, 2021. A total of 91,740 tweets were collected and we applied sentiment analysis and dynamic topic modeling to the final preprocessed and categorized data of 18,925 tweets. Sentiment analysis and dynamic topic model analysis were conducted for a total of 18,925 posts after preprocessing data and categorizing them into supply, real estate tax, interest rate, and population variance. Keywords of each category are as follows: the supply categories (rental housing, greenbelt, newlyweds, homeless, supply, reconstruction, sale), real estate tax categories (comprehensive real estate tax, acquisition tax, holding tax, multiple homeowners, speculation), interest rate categories (interest rate), and population variance categories (Sejong, new city). The results of the sentiment analysis showed that one person posted on average one or two positive tweets whereas in the case of negative and neutral tweets, one person posted two or three. In addition, we found that part of people have both positive as well as negative and neutral opinions towards real estate policies. As the results of dynamic topic modeling analysis, negative reactions to real estate speculative forces and unearned income were identified as major negative topics and as for positive topics, expectation on increasing supply of housing and benefits for homeless people who purchase houses were identified. Unlike previous studies, which focused on changes and evaluations of specific real estate policies, this study has academic significance in that it collected posts from Twitter, one of the social media platforms, used emotional analysis, dynamic topic modeling analysis, and identified potential topics and trends of real estate policy over time. The results of the study can help create new policies that take public opinion on real estate policies into consideration.

Recognition Analysis on Casino Related Policy of Closed Mine Area at Gangwon Province (강원도 폐광지역의 카지노 관련 정책에 대한 인식 분석)

  • Bang, Keuk-Taek;Choi, Jeong-Il;Lee, Ok-Dong
    • Journal of Digital Convergence
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    • v.12 no.8
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    • pp.35-47
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    • 2014
  • With the qualitative methods for casino-related policy analysis on sense of residents, the degrees of expectation, support, adequacy, awareness, participation, contribution, and benefit which were derived from results are as follows: Firstly, from the recognition analysis on casino related policy, recognition III ranked at the top, and benefit and contribution II followed next. From the result, promotion policy on closed mine area fell short of expectations. The second phase of development project and appropriate the dead-mine development fund for promotion of substitute industry by the needs of residents. Secondly, derived from the comparative evaluation of casino-related industry, all comparison targets ; awareness of promoting policy and contribution to regional development, participation and contribution to Regional development, benefits and contribution to regional development, participation in the closed-mine area and contribution to regional balanced development, and lastly benefits and regional balanced development) are related to each other.

Sustainable Urban Development and Residential Space Demand in the Untact Era: The Case of South Korea

  • KIM, Sun Ju
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.675-682
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    • 2021
  • The study analyzes the demand for residential space in the Untact Era. Residential space comprises six categories: the most necessary dedicated space (DS), most preferred south-facing space (SFS), largest space (LS), most necessary shared space (SS), most necessary infra-space (IS), and others. Results indicated the following: 1) All respondents had the highest preference for relaxing spaces except DS. 2) Differences were found between DS, SFS, and LS by age and SS; IS by residential area; and DS, SS, and IS by household size. 3) People aged 60+ preferred a living room while people aged 40-59 preferred a larger kitchen. Seoul citizens preferred gardens or parks in the complex or neighboring forests whereas local citizens preferred shared offices and medical centers. Households of three or more persons preferred a park/forest and two-person households preferred a honbap restaurant. The implications for housing policy are as follows. 1) Nature-friendly spaces are needed to alleviate a sense of isolation. 2) Changing demand for residential space should be reflected in housing policies. 3) The government's housing supply policy with the same residential space and structure must be changed to provide various residential spaces according to age, residential area, and household size.

Correlation Analysis Among the Price of Apartments in Seoul, Stock Market and main Economic Indicators (서울지역 아파트가격과 주식시장 및 주요 경제지표와의 상관관계 분석)

  • Choi, Jeong-Il;Lee, Ok-Dong
    • Journal of Digital Convergence
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    • v.12 no.2
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    • pp.45-59
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    • 2014
  • Real estate has been the most preferable investment asset since 1980's has begun. Especially the ups and downs of housing price influence significantly on the household and national economy for a digital economy. In this analysis, monthly movement of apartment price of Seoul and its correlation with KOSPI, construction concerned shares, securities concerned shares, interest rate and exchange rate for 320 months(from January, 1987 to August, 2013) are shown. From the analysis, correlation coefficient of the price of apartment in Seoul and KOSPI is 0.8566 which is highly positive while the price of apartment in Seoul and interest rate are shown strong negative correlation which is -0.7846. The rise of stock market does affect the rise of the price of apartments in Seoul, on the contrary, the price goes down when the interest rate goes up.

A study of heavier transfer income tax for a digital economy (디지털 경제에 적합한 양도소득세 중과제도에 관한 연구)

  • Kim, Jong-Woo;Choi, Jeong-Il;Lee, Ok-Dong
    • Journal of Digital Convergence
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    • v.11 no.8
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    • pp.53-64
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    • 2013
  • This study was conducted from the time when discussion of improvement and keeping heavy taxation on multiple home owners was began, experts who may express professional opinion such as realtors, tax accountants and revenue officers were picked up besides the direct interested parties such as single and multiple home owners. This study collected their various opinions regarding whether keeping the heavy taxation system on multiple home owners or not and the effect of it. As a result of the survey, people living in Seoul who owned more houses showed higher awareness about heavy taxation on multiple home owners, and people agreed more about abolishing the heavy taxation when they own more homes. From this study, it was found out that different recognition about heavier transfer income tax on multiple home owners of each person concerned and necessity of rearranging this uncertain condition of temporary regulation in the future. The tax law should be improved to supply clear policy signals to the market for recovery of housing transactions and supply expansion of jeonsei to monthly rental housing and managing of taxation policy which reflects taxpayers' opinion may correspond to more effective and fair taxation principle.

Economic Ripple Effect of the TKR on the Logistics Industry

  • KIM, Sun-Ju
    • Journal of Distribution Science
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    • v.19 no.3
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    • pp.25-34
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    • 2021
  • Purpose: The purpose of this study is to analyze the economic ripple effect(ERE) of logistics industry by construction of Trans-Korea Railway (TKR) and present policy measures to minimize the economic loss of South Korea (SK). Research design, data and methodology: As the analysis method, exponential smoothing was used for demand forecasting, Input-Output analysis was used to estimate the economic ripple effect coefficient, and scenario analysis was used to an efficient way to invest in TKR to minimize SK's economic losses. Results: 1) the production(logistics fares) of TKR for 10 years after its completion is about 11.42 trillion won in positive relations, and 26.89 billion won in negative relations. 2) the ERE of SK in positive relations is 24.32 trillion won in production inducement effect, 8.1 trillion won in value-added inducement effect, 3.54 trillion won in import inducement effect, and 70,930 persons in employment inducement effect. But the ERE was insufficient in the negative relations. 3) SK's efficient investment method is providing materials and equipment by SK and building the TKR by North Korea in positive inter-Korea relations. Conclusions: For the successful operation of TKR, international cooperation, legalization and stable peace settlement on the Korean Peninsula are required.

A study on the differentiation of minority ethnic residential areas in Seoul, Korea - Focusing on Korean Chinese community (한국계 중국인 밀집주거지의 분화에 관한 연구 - 서울시 가리봉동과 자양동을 중심으로)

  • Bhang, Seong-hoon;Kim, Soo-hyun
    • 한국사회정책
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    • v.19 no.2
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    • pp.39-68
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    • 2012
  • As foreign immigrants increase dramatically, the number of ethnic residential areas also grow rapidly in Korea. Of those foreign workers, the majority is Korean Chinese who can speak Korean language fluently and share common culture as the same ethnicity. As of now they are concentrated on 8 areas in Seoul forming their own community with networks for living and finding job. This paper is to investigate the differences and similarities of Korean Chinese residential areas in Seoul. In order to do that the authors researched two typical areas of Garibong-dong and Jayang-dong. The former is bigger and established earlier, became the symbol of Korean Chinese community. The latter area is relatively small and formed recently. Those staying in Garibong-dong are characterized as; single, moved from main land China directly, small sized residing unit and lower income. The place is mainly for the first incoming people to provide convenient environment for adapting in Seoul. On the other hand those staying in Jayang-dong are characterized as; with families, moved from other parts of Seoul, relatively good residence and higher income. Therefore this place is the second residential area for those who became familiar with living in Seoul. As a result, this paper found the process of differentiation in Korean Chinese communities. This process would be continued as far as foreign immigration continues. Therefore further researches required on more detail process of differentiation for various ethnic groups.

A Study to Prevent the Fire in Residential Buildings (주거용 건축물의 화재 예방에 관한 고찰)

  • Park, Kyong-Jin;Kim, Hye-ree;Lee, Bong-Woo;Park, Shin-young
    • Journal of the Korean Society of Industry Convergence
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    • v.23 no.2_2
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    • pp.307-312
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    • 2020
  • This study presents problems and improvement measures for the supply rate of single-alarm detector and fire extinguisher installed in households. Statistics from the NFDS show that 18 percent of all fires and 45 percent of deaths occurred in residential buildings over the past eight years. It was less than 60% that households be equipped rate of basic fire-fighting systems by 2019. In this study, I analyzed the law and statistics of fire to devise a method for fire safety. I proposed that the basic fire-fighting systems is be equipped in households. Like this : First, a free distribution policy for the over 60 years of age and Areas where is fire engine difficult to enter. Second, the policy of adopting safety pay in disaster. Third, the policy of expanding supply through the revision of the Licensed Real Estate Agents Act. Fourth, the policy of self-regulating installation by safety education and set up a data base system. Fifth make a law of household's National Fire Safety Standards.