Ⅰ. Introduction : What is Farmland reverse mortgage(FRM)?
Farmland reverse mortgage is a system that guarantees stable life for aged farmers. The government lends aged farmers money in security for their own farmland. This system helps farmer who lack money for old age by securitizing farmland fund. Furthermore, FRM aims to strengthen the farming social safety net. These are purpose of the
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 a
1. What is FRM?
1) 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.
2) Future directions : By securitizing farmland fund, to enjoy life of ease in their old age and maintain the security farm life.
3) A legal basis :
Korea Rural Community Corporation and A
Farmland was first opened in 1976 as the only family oriented amusement park in Korea. This marked the beginning for development of a world-class theme park in Korea.
On 25 March 1996, Joong-Ang Development Co, a subsidiary of the Samsung group, specializing in entertainment and social services, announced its plan, an ambitious goal of transforming Farmland into a great resort complex under the