A Study on the Korean companies' overseas direct investment in the real estate property : Focused on the changing process of policies and its co-relationship with major macro economic indicators -
Kim-○○* Research Fellow, Korea Real Estate Research Institute, Ph.D. in Economics and Real Estate, Hansung University
Park-○○** Head of Department of Asset Management, Graduate School of Policy and Management, Dankook University
Jyung-○○** Senior Research Fellow, Korea Real Estate Research Institute, Doctor of Real Estate
Abstract
Statistics on foreign real estate investment data from 1986 to 2016 were used to look at changes in real estate direct investment performance and related foreign exchange policy changes. Correlation between foreign direct investment and major macroeconomic variables (GDP, Kospi, exchange rates, domestic interest rates, etc.) Significance was examined through analysis. As a result of the study, the government's regulation on foreign real estate direct investment has been evaluated as having a very positive effect on maintaining balance of balance and economic stabilization. While the burden rate has a significant effect on the company's direct net investment in overseas real estate, the real estate market share and the KOSPI index have no significant effect on the company's direct net investment in overseas real estate. It was emphasized that a more detailed and extensive study and review is absolutely necessary in consideration of the changed economic environment in the implementation of government policies related to corporate overseas real estate investment.
