This policy brief contains "The Late Real Estate Market Trends and Prospects of the second Half of The Year 2004" written in Korean. Volume : 65 Writer : Dr. Mi-Na Kang, Researcher / Dr. Soo Choi, Researcher/ Dr. Chun-Gyu Park, Associate Researcher of Land & Housing Research Division. (E-Mail : mnkang@krihs.re.kr Tel : 82-31-380-0349// E-Mail : soochoi@krihs.re.kr Tel : 82-31-380-0281// E-Mail : cgpark@krihs.re.kr Tel : 82-31-380-0274)