주택도시금융연구(Journal of Housing and Urban Finance)

About Journal of Housing and Urban Finance

한국연구재단 등재학술지 주택도시금융연구는 주택도시보증공사가 발간하는 학술지로, 주택·도시·금융 분야 연구 활성화와 정책 아이디어 개발을 목적으로 2016년 창간하여 연 3회(2월 28일/6월 30일/10월 31일) 발간하고 있습니다. 연구논문 투고자는 주택도시보증공사의 연구윤리기준을 준수해야 하고, 타 학술지에 게재 혹은 출판된 적이 없는 논문이어야 하며, 타 학술지에 투고하여 심사 중인 논문은 미게재 확정 후 본 학술지에 투고할 수 있습니다. 주택도시금융연구에 게재된 연구논문 투고자에게는 소정의 연구지원금이 지급됩니다.
About Korea Housing & Urban Guarantee Corporation

주택도시보증공사는 주거복지 증진과 도시재생활성화를 지원하기 위한 각종 보증업무 및 정책사업을 수행합니다. 주택도시기금의 효율적인 운용 및 관리를 통해 경영혁신을 이루고 한 발 앞선 주거정책시행으로 서민주거안정을 이끌어 나가며, 주택에서 도시까지 국민의 더 나은 삶을 책임지는 전문 공기업입니다. 주택도시보증공사는 주거복지 증진과 도시재생 활성화를 지원하기 위한 각종 보증업무 및 정책사업 수행과 주택도시기금을 효율적으로 운용·관리함으로써 국민의 삶의 질 향상에 이바지하기 위해 설립되었습니다. 지난 30여년간 국내 유일의 주택보증 전문기관으로서 보증공급을 통해 국민 주거안정 실현에 기여하였습니다. 세계적으로 인정받는 분양보증제도를 토대로 주택사업 전 단계에 걸친 보증상품을 운영함으로써 주택사업자의 원활한 사업추진과 주택금융시장의 안정에 기여하고, 정부의 정책목표 달성을 뒷받침하고 있습니다.
Article

Feb 28, 2026

Introduction of an inheritance-type model in the housing pension program
상속형 주택연금 모형의 도입에 관한 연구

Seungryul Ma, Youngman Lee
마승렬, 이용만

J. Hous. Urban Finance 2026;11(1):5-26.
https://doi.org/10.38100/jhuf.2026.11.1.5

Despite the growing need to unlock housing wealth among elderly households, participation in the Housing Pension (reverse mortgage) program remains low, at approximately 1.3 percent. A primary explanation for this limited uptake is homeowners’ bequest motives, which are not accommodated by standard housing pension contracts. Although several countries have introduced inheritance-protected reverse mortgage products to address this issue, no such housing pension contracts exist in Korea. This study developed a theoretical framework for inherita...
Article

Feb 28, 2026

Determinants of interest rate thresholds for mortgage borrowers’ transition to digital financial channels
주택금융 소비자의 비대면 채널 전환에 필요한 금리차 허용 수준의 결정요인 분석

Youngju Lee, Minsung Park
이용주, 박민성

J. Hous. Urban Finance 2026;11(1):27-44.
https://doi.org/10.38100/jhuf.2026.11.1.27

This study investigates the determinants of the interest rate differential required by mortgage consumers to switch from traditional face-to-face channels to digital channels. Using the 2022 to 2023 “Housing Finance and Bogeumjari Loan Demand Survey” conducted by the Korea Housing Finance Corporation, the analysis employs a regression model incorporating regional and year dummy variables to control for structural differences across locations and survey periods. The results show that the required interest rate differential varies systematica...
Article

Feb 28, 2026

An analysis of the spatial distribution and determinants of jeonse guarantee accidents
전세보증사고의 공간적 분포 특성과 영향 요인 분석

Seongmin Kim, Myungje Woo
김성민, 우명제

J. Hous. Urban Finance 2026;11(1):45-60.
https://doi.org/10.38100/jhuf.2026.11.1.45

This thesis aims to reveal the determinants of jeonse guarantee accidents by using a spatial panel model centered on the Seoul metropolitan area. Amid rising volatility in the housing market, the frequency of such accidents has steadily increased, undermining the capacity of the Housing and Urban Guarantee Corporation (HUG) to provide guarantees. The empirical results revealed a pronounced High-High cluster of jeonse guarantee accidents centered in the southwestern Seoul metropolitan area. Spatial panel estimations confirm that spatial dependen...
Article

Feb 28, 2026

The impact of changes in the jeonse deposit return guarantee system on the structural transformation of the housing lease market: An empirical analysis based on Seoul’s lease transaction data
전세보증금 반환보증 제도 변화가 주택 임대차 시장 구조에 미친 영향: 서울시 임대차 실거래 자료를 중심으로

Jiun Lee, Jeong-Ran Lee
이지언, 이정란

J. Hous. Urban Finance 2026;11(1):61-79.
https://doi.org/10.38100/jhuf.2026.11.1.61

This study empirically examines the impact of the 2023 tightening of eligibility requirements for the Jeonse Deposit Return Guarantee system on the contractual structure of Seoul’s housing rental market. Using 3,099,299 rental transaction records covering all housing types in Seoul from July 2020 to June 2025, the analysis employs logistic regression and difference-in-differences logistic regression to estimate both average policy effects and heterogeneous impacts across housing types and rent levels. The results show a significant increase i...

CURRENT ISSUE: Feb 2026, Vol. 11 , No. 1

Article

Introduction of an inheritance-type model in the housing pension program
상속형 주택연금 모형의 도입에 관한 연구

Seungryul Ma, Youngman Lee

마승렬, 이용만

J. Hous. Urban Finance 2026;11(1):5-26.
https://doi.org/10.38100/jhuf.2026.11.1.5

HTML PDF PubReader

Article

Determinants of interest rate thresholds for mortgage borrowers’ transition to digital financial channels
주택금융 소비자의 비대면 채널 전환에 필요한 금리차 허용 수준의 결정요인 분석

Youngju Lee, Minsung Park

이용주, 박민성

J. Hous. Urban Finance 2026;11(1):27-44.
https://doi.org/10.38100/jhuf.2026.11.1.27

HTML PDF PubReader

Article

An analysis of the spatial distribution and determinants of jeonse guarantee accidents
전세보증사고의 공간적 분포 특성과 영향 요인 분석

Seongmin Kim, Myungje Woo

김성민, 우명제

J. Hous. Urban Finance 2026;11(1):45-60.
https://doi.org/10.38100/jhuf.2026.11.1.45

HTML PDF PubReader

Article

The impact of changes in the jeonse deposit return guarantee system on the structural transformation of the housing lease market: An empirical analysis based on Seoul’s lease transaction data
전세보증금 반환보증 제도 변화가 주택 임대차 시장 구조에 미친 영향: 서울시 임대차 실거래 자료를 중심으로

Jiun Lee, Jeong-Ran Lee

이지언, 이정란

J. Hous. Urban Finance 2026;11(1):61-79.
https://doi.org/10.38100/jhuf.2026.11.1.61

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