earticle

영어

After foreign exchange and financial crisis of 1988, housing construction has been shrinked for lack of funds which is caused by housing builders' poor credit. Bank loans and fund raising in stock or bond markets have been interruptted. If the many profitable housing projects are not carried out for lack of funds, it is enormous social loss. But to use financing method which is based on the earning power of profitable projects, not that of housing builders, can break this bottleneck. This study proposes Project Financing and ABS(Asset Based Securities).