A Study of Korean Indigenous Institution and Customs of Real Estate

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to investigate Korean indigenous institution and customs of in the real estate market. (2) RESEARCH METHOD This study was carried out by survey of literature and media reports. (3) RESEARCH FINDINGS In the results of this survey, it is shown that presale contract for new apartments combined with contructor-assured PF financing established a Korean indigenous housing market, amplifying its volatility. 2. RESULTS This study shows that the custom of mercantile premium cannot be reconciled with modern legal principles, and the quasi-dwelling make the statistical compilation of housing difficult.