[스포탈코리아] Minister of Land, Infrastructure and Transport Won Hee-ryong declared war on false reporting of house prices in a post on his Facebook page last August.
The key policies promoted by Minister Won as part of his declaration of war on false reporting took effect on the 19th. The goal is to go beyond simple fines and enable criminal punishment such as imprisonment. You can become a criminal with a criminal record just by filing a false report.
On March 30, the National Assembly held a plenary session and passed an amendment to the ‘Act on Real Estate Transaction Reporting, etc.’ This revised bill came into effect on October 19th.
The amendment to the Act on Transaction Reporting, etc. makes it possible to be subject to criminal punishment, including imprisonment, if you report false real estate transactions, such as ‘inflating house prices.’
The contents are as follows. First, the law was changed to impose a penalty of up to 3 years in prison or a fine of up to 30 million won for falsely reporting a transaction or cancellation of a transaction.
Until now, despite the fact that ‘creating reported prices’ through false reports is seriously disrupting the real estate market, the only sanction was a fine of 30 million won. From the 19th, criminal punishment including imprisonment or fines became possible.
Photo = Newsis
2023-10-21 10:10:38
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