Nearly 400 suspected transactions of real estate violations, including 'gift of convenience law'

Ministry of Land, Infrastructure and Transport Announces Interim Results of 'Transactions of Abnormal Housing in the Metropolitan Area'
397 Suspected Illegal Transactions...272 cases in Seoul and 112 cases in Gyeonggi Province
3 Gangnam districts and 58% Yongsan...Seongnam Bundang, Incheon Yeonsu-gu, etc.
What Is a Suspected Illegal Transaction?...Violation of expedient donation and loan regulations, etc.

[Anchor]
The Ministry of Land, Infrastructure and Transport announced the interim results of this year's housing transaction in the Seoul metropolitan area, which was jointly investigated by related agencies and local governments.

Nearly 400 transactions were suspected of expedient gifts or violations of loan regulations.

I'll connect you to a reporter for more information. Reporter Hwang Bo Hye-kyung!

What transactions were specifically caught?

[Reporter]
The government has released the results of the first on-site inspection of apartments in 3 Gangnam districts, Mapo, Yongsan, and Seongdong districts in Seoul, and the interim results of a housing planning survey in the metropolitan area this year.

A total of 397 suspected illegal transactions were detected, followed by Seoul with 272 cases, followed by 112 in Gyeonggi Province and 13 in Incheon.

In the case of Seoul, regulatory areas such as 3 Gangnam districts and Yongsan-gu accounted for more than half with 58%, while suspected illegal transactions were mainly detected in Bundang-gu, Seongnam, and Yeonsu-gu, Incheon.

Suspected illegal transactions refer to real estate expedient gifts, misappropriation of corporate funds, false reports on contract dates, and violations of loan regulations.

In a specific case, it was found that an expedient gift was suspected, such as buying an apartment in a regulated area in Seoul for 2.1 billion won and borrowing 1.4 billion won from a mother without her own funds.

In addition, there was a case in which an open chat room on SNS encouraged people not to request brokerage for apartments in Seoul below a certain price.

The Ministry of Land, Infrastructure and Transport said it plans to notify the National Tax Service of suspected illegal transactions caught this time or request the National Police Agency to investigate them.

He also explained that he notified related agencies such as the National Tax Service of 160 cases of suspected expedient donations among apartment transactions last year.

The Ministry of Land, Infrastructure and Transport will expand joint inspections of housing abnormalities to the entire metropolitan area and conduct surveys to prevent recent increase in suspected transactions of planned real estate or foreign speculation by the end of the year.

So far, I'm YTN Hwang Bo Hye-kyung from the Ministry of Economy.