★[PPT 우수자료★][영문 보고서, FRM] What is Farmland reverse mortgage, FRM

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Farmland reverse mortgage
Real estate
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Contents
1. What is FRM
2. Examples of FRM
3. Problems and alternative solutions of FRM
4. Reference
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1. What is FRM
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1. What is FRM
Concept : To 65 year-old and over aged farmers, This is a system that keeps their own farmland as collateral and provide them pension for their a stable life after retirement.

Future directions : By securitizing farmland fund, to enjoy life of ease in their old age and maintain the security farm life.

A legal basis :
Korea Rural Community Corporation and A law of farmland management.
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2. Introduction background
Aging of population.

Especially, in the case of Korea, there is no perfect pension system that guarantee pension for older people.

Size of farming is small.

Because of aging, a shortage of labor and low productivity.
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3. Qualification
Age : Contractor and contractor’s spouse are more than 65 years.
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