[Bills in Focus] Real estate finance reform, industrial tech protection
Sept 30, 2024
Proposed bill: Real Estate Development Project Management Act Proposed by Rep. Kwon Young-jin (People Power Party) and Rep. Son Myoung-soo (Democratic Party of Korea) ● In the domestic market, real estate project financing is characterized by a low capital adequacy ratio and heavy reliance on third-party guarantees. As the volume of real estate PF increases, the need for systematic government management has become increasingly urgent. Therefore, this bill promotes the effective management of rea