韩国住房金融市场起步较晚,但发展十分迅速,尤其是住房金融的二级市场发展十分成功,赢得国际瞩目。本文从韩国一级市场、二级市场以及相关的住房贷款担保制度的发展历史与现状入手,提供大量目前国内罕见的第一手材料,阐述相关现代住房金融运作机理,以供国内业界了解借鉴。 South Korea’s housing finance market started late, but the development is very rapid, especially the secondary development of housing finance has been very successful and has won international attention. This article starts with the history and current situation of the primary market, secondary market and related mortgage loan guarantee system in South Korea, and provides a large amount of first-hand materials rare in China and elaborates the related modern housing finance operation mechanism for the domestic industry to learn from.