Society · 2 sources combined
Management fee fraud alert
7,851 sites' action unknown
In short
The 'Early Warning System' created by the Ministry of Land, Infrastructure and Transport identifies apartment complexes suspected of management fee fraud.
This year, alarms went off at 7,851 complexes nationwide, representing 36.1% of all mandatory-disclosure complexes.
After warning criteria changed, complexes with '5 or more violations' plummeted from 8,255 to 7.
Key facts
| When | Last December, the Ministry of Land, Infrastructure and Transport reduced alert criteria items from 31 to 20. |
|---|---|
| Who | The Ministry of Land, Infrastructure and Transport and Korea Real Estate Board jointly operate the early warning system for apartment management fraud. |
| What | This year, fraud-suspected alarms sounded at 7,851 complexes nationwide, 36.1% of mandatory-disclosure complexes. |
| How | After alarms trigger, local government inspections, violations found, and enforcement actions remain untracked. |
What it means for me
If you live in an apartment, it is difficult to check directly whether your complex triggered an alarm and what enforcement action resulted.
