earticle

영어

With the advent of the Fourth Industrial Revolution, industry convergence is accelerating, and the real estate sector is no exception. This study examines the structural transformation of the proptech industry in Korea, which has emerged from the convergence of the real estate industry and Knowledge-IT industry. The models used in this study are input-output model and structural path analysis. The analysis data is based on the 2000 and 2020 industry association tables published by the Bank of Korea, and the classification of industries is reclassified into 27 and 8 sectors based on the basic sectors of the industry association tables (168 and 165). The findings reveal significant changes in the proptech ecosystem. First, the output production of the real estate, knowledge services, and IT services industries have increased. Second, the input of knowledge services and IT service technologies into the real estate sector was significantly higher in 2020 compared to 2000. Third, ripple effect analysis demonstrates the growing influence of knowledge and IT services on the real estate industry. Lastly, the diversity of pathways in the real estate sector has expanded, with a marked increase in interactions involving knowledge services and IT services. These results indicate that the real estate industry is increasingly leveraging software oriented expertise and IT services, fostering the development of a new value chain within the industry.