Housing financing can largely be classified into institutional and non-institutional financing. Institutional financing refers to cases where funds are provided by a financial institution, whereas non-institutional financing indicates that funds are provided through instruments other than financial institutions. Institutional financing can be further classified into public and private funding, depending on the sources of funds. Public funding is mainly composed of government expenditures, the National Housing Fund(NHF) financed through the issuance of government and public bonds, and the Farm Housing Improvement Fund by the National Agricultural Cooperative Federation (NACF). Private funding pertains to housing funds provided by banks and life insurance companies which are mostly financed through deposits, issuance of bank debentures, and corporate bonds. Private funding can be additionally categorized into:① housing loans vs. standard loans ② corporate capital loans vs. project financing ③ real estate money trust funds and ④ REITs. Non-institutional financing is a form of borrowing funds from a lessee or a house consumer in instances where insufficient housing funds have been provided by financial institutions. Common types of non-institutional financing exist in the forms of funds from Jeonse1) (returnable lump-sum rental deposits) and pre-construction housing sales funds.