不動産投資會社에 있어서 投資者保護에 관한 硏究 - 最近 不動産投資會社法 改正案(의안번호 제17916호)에 대한 意見 -

Abstract

The Real Estate Investment Trusts(REITs) is an indirect real estate investment institute that is prescribed in the Real Estate Investment Company Law. The Real Estate Investment Company Law, which governs matters relevant to the foundation of real estate investment companies, the way that the real estate investment companies operate their assets, and investor protection, is established for widening the opportunity for individuals to invest in the real estate and fostering sound investment environment in order to make national economic growth. This article examines the validity and necessity of the credit assessment system that is applied to real estate investment companies with regard to investor protection in the Amendment Bill and suggests an alternative one to the credit assessment system. Contrary to the real estate fund that is not controlled by the credit assessment system, the introduction of the credit assessment system to the real estate investment companies is thought to be an excessive regulation. On top of it, there is grave concern that asset management companies(AMC) will shift their interest and investment from the REIT market that is influenced by the credit assessment system to the real estate fund market without the system.BR Based on these reasons, Clause 3 and Clause 4, Article 25 in the Amendment Bill, related to the introduction of credit assessment system to real estate investment companies in order to protect investors, should be revised. It is necessary to include an alternative that can protect investors while encouraging REITs