契約型 不動産投資信託 制度의 活性化 方案에 關한 硏究 : 銀行圈의 契約型 不動産投資信託을 中心으로 = (A)study on the activation program of contract-typed REITs

다국어 초록 (Multilingual Abstract)

Activate domestic real estate market since IMF and discussion for way that plan reform of real estate industry consisted.
Company style REITs induction that is based to Real Estate Investment Company Act is expected to become new paradigm of domestic real estate market with committing combining the management of another business Bank's contract style real estate investment trust goods.
Contract style real estate investment trust goods that are sold in domestic until present are adopting Project Financing's form more than REITs of genuine meaning.
Various kinds legal limitation for committing combining the management of another business bank that the reason is administering present contract style real estate investment trust exists and it was because bank could not run a real estate investment business fundamental rules voluntarily because real estate connection professional human strength and experience are lacking on bank.
Investors middle path barter of Beneficiary Certificates for investment goods is prohibited and there is problem in investor protection else and because of problem of profitability decline etc. by this heavy tax, it was no charm of investment goods.
Additional, is connoting much problems systematically in current contract style real estate investment trust.
Therefore, contract style real estate investment trust A to be activated regularly following prerequisites solves must.
First, improvement of connection legislation degree should be premised.
Must handle so that can revise Trust Business Law and trust business law enforcement ordinance that become basis of present contract style real estate investment trust and specify particularity about contract style real estate investment trust.
Second, way that can secure liquidity on investor's profit suggestion for investor protection should be readied and method to raise clearance of property operation may have to be readied.
Third, REITs is Indirectness investment goods and action of that corporate tax is exempted form taxation about REITs use four for problem saving of this heavy tax that taxes are imposed all about operation profit that the REITs company gets and apportionment profit that investor is apportioned may have to assume.
Infra construction of real estate interest world and wholesome real estate investment culture may have to be made up to activate contract style real estate investment trust.
The one of most important reason that contract style real estate investment trust is not activated recently may lift insufficiency of professionalism about financial institution's real estate property use, which handle contract style real estate investment trust justly.
The most suitable means for such problematic magic bullet is using real estate committing company, real estate committing company has special use ability for real estate property on the basis of rich experience that use real estate property of various form and committing package for 10 years whether is introduced in domestic in 1991, and there is advantage of that special equilibrator according to connection statute of real estate committing system is readied.
Therefore, is thought that activation of contract style real estate investment trust may be much easier if use this real estate committing company effectively. Because union of superintendence system does to do an opportunity of market prior occupation greatest equipping clear business process system full text capacity of management and operation method for Bank's money practical use ability and real estate trust company's real estate, foundation preparation that can develop as supplementing mutually with company style REITs in side that offer various investment goods for real estate as quantity axis of real estate investment trust system taking a serious view.

목차 (Table of Contents)

• 목차
• 第1章 序論 = 1
• 第1節 硏究의 目的 = 1
• 第2節 硏究의 方法 및 範圍 = 3
• 第2章 REITs 制度의 理論的 背景 = 5
• 第1節 REITs의 意義 = 5
• 1. REITs의 槪念 = 5
• 2. REITs의 類型 = 7
• 第2節 REITs 制度의 導入背景 = 14
• 1. 理論的 背景 = 14
• 2. 우리나라의 REITs 制度 導入背景 = 16
• 3. REITs의 市場規模 = 16
• 4. 不動産의 證券化 = 18
• 5. REITs 制度導入의 推進 經過 = 21
• 第3節 外國 不動産投資信託制度에 대한 檢討 = 23
• 1. 美國의 REITs = 23
• 2. 濠洲의 LPT = 30
• 3. 日本의 SPC = 35
• 4. 유럽의 REITs = 40
• 第3章 契約型 不動産投資信託의 現況 = 43
• 第1節 契約型 不動産投資信託의 槪要 = 43
• 1. 法的根據 및 性格 = 43
• 2. 契約型 不動産投資信託의 意義 및 效用性 = 45
• 3. 會社型과 契約型의 特徵 및 長·短點 比較 = 45
• 4. 契約型 不動産投資信託의 構造 = 49
• 第2節 契約型 不動産投資信託商品의 特性 및 導入效果 = 52
• 1. 商品의 特性 = 52
• 2. 契約型 不動産投資信託 導入의 效果 = 54
• 第3節 契約型 不動産投資信託의 運營現況 = 56
• 1. 運營現況槪要 = 56
• 2. 國民銀行의 契約型 不動産投資信託 商品 運營現況 = 56
• 3. 하나銀行의 契約型 不動産投資信託 商品 運營現況 = 59
• 4. 朝興銀行의 契約型 不動産投資信託 商品 運營現況 = 61
• 5. 한빛銀行의 契約型 不動産投資信託 商品 運營現況 = 64
• 第4章 契約型 不動産投資信託의 活性化 方案 = 68
• 第1節 契約型 不動産投資信託의 展望 = 68
• 1. 契約型 不動産投資信託의 活性化 必要性 = 68
• 2. 商品의 問題點 및 對策 = 69
• 3. 發展可能性 및 展望 = 72
• 第2節 法制道의 改善과 投資者 保護 = 73
• 1. 法制度의 改善 = 73
• 2. 投資者 保護 = 75
• 第3節 租稅의 減免과 關聯分野 infra 構築 = 78
• 1. 租稅의 減免 = 78
• 2. 關聯分野의 infra構築 = 80
• 第4節 不動産信託 制度을 이용한 活性化 方案 = 81
• 1. 槪要 = 81
• 2. 金融機關과의 共同活用 方案 = 82
• 第5節 其他 活性化 前提事項 = 87
• 1. 健全한 不動産投資 文化 造成 = 87
• 2. 資産管理會社에 대한 監督强化 = 87
• 第5章 結論 = 88
• 參考文獻 = 91
• ABSTRACT = 94