397 Cases of Abnormal Real Estate Transactions Detected – Cases of Gift Evasion and Transaction Violations
The Ministry of Land, Infrastructure, and Transport has announced the detection of 397 cases of suspected illegal transactions from over 2,000 abnormal real estate transactions conducted in the metropolitan area this year. The Ministry of Land, Infrastructure, and Transport has announced the detection of 397 cases of suspected illegal transactions from over 2,000 abnormal real estate transactions conducted in the metropolitan area this year. Various cases of gift evasion and loan regulation violations have been confirmed, particularly concentrated in the Gangnam area of Seoul. This post will explore the illegal trading practices in the real estate market and their implications. In 2024, the Ministry of Land, Infrastructure, and Transport reported the detection of 397 suspected illegal transactions in real estate trading, primarily in the metropolitan area. The majority of these cases were related to “gift evasion” and “corporate fund misuse,” totaling 315 cases. One notable case i...