Identifying Risk Factors at Various PF Business Stages and Investigating Risk Management Measures

The real estate market faced a downturn with declining sales, exacerbated by increased construction costs due to conflicts in Russia and Ukraine. Additionally, interest rates on PF loans surged following the Bank of Korea's base interest rate hike. Given these challenges, ongoing real estate development lacks feasibility as sales dwindle and business expenses soar. These risks extend beyond development firms, affecting mid-sized construction companies, second-tier financial institutions, and trust companies, posing broader risks to society. To mitigate these risks, PF risk factors were identified through credible literature and expert opinions. Using ANOVA variance analysis, key PF factors considered by each organization were examined and high-risk items were pinpointed by assessing the correlation between risk factors.