Minister of Land, Infrastructure and Transport Byun Chang-heum attends the 5th plenary meeting of the 384th National Assembly (temporary assembly), which was held at the main building of the National Assembly in Yeouido, Seoul on the 22nd, and reports on work. Reporter Oh Jong-taek
Minister of Land, Infrastructure and Transport Byun Chang-heum said that he would review the request for investigation for a number of suspicions of manipulating bid prices, such as’abruptly canceling after reporting the actual transaction at the reported price’.
Minister Byeon said at a plenary meeting of the National Assembly’s National Land, Infrastructure and Transport Committee on the 22nd, “The Ministry of Land, Infrastructure and Transport is tasked with blocking intentional market disruption and manipulation of actual transactions in order to protect good end users. Do you have any intention of requesting an investigation after full investigation? In addition, he answered the question of the Democratic Party lawmaker in this way.
As a result of a total analysis of 850,000 cases registered in the actual transaction disclosure system of the Ministry of Land, Infrastructure and Transport last year, 50.7% of the number of cancellations of apartment transactions in Seoul were cases in which reports were canceled after the transaction. In the provinces, high rates were found in Ulsan (52.5%), Incheon (46.3%), and Sejong (36.6%).
Regarding this, Minister Byeon said, “I think it’s a serious problem. Since apartments in Korea are standardized (even by manipulating one or two bids), the entire price can be determined.” I said,
Minister Byeon emphasized, “If the real estate transaction bill is passed, I think that it will be able to play the role of a transaction analysis agency properly,” he said. “I will instruct you to cancel the actual cancellation on the portal site.”
Reporter Dayoung Kim [email protected]