The Fair Trade Commission ordered the Korea Land Trust and Serim Construction to correct
The Fair Trade Commission announced on the 2nd that it issued a corrective order to Daehan Land Trust and Serim Construction, which falsely advertised as if they could earn stable rental income for a long period of time with phrases such as’lifetime pension of 1 million won per month’ while selling officetels.
According to the Fair Trade Commission, Serim Construction, which is in charge of the Korea Land Trust, which is a pre-sale business, and licensing, etc., through banners and leaflets from November 2016 to February 2019, “Lifetime pension 1 million won per month”, “Lifetime pension, lifetime paybook I will make it.”
The’Monthly 1 Million Won Profit’ is just an estimate of monthly rent based on market prices, and even though there is no means to guarantee the profit, the two companies did not disclose this and advertised deceptively as if they could earn stable rental income for a long time, the FTC said.
The two companies also advertise as “three for 100 million” and “two for 100 million” despite the fact that the actual investment amount may vary depending on the loan qualification or registration as a rental business, and they receive several officetels for sale with a small amount of money. I cheated as if I could.
The FTC explained that the fact that 3 or 2 houses can be sold for 100 million won based on the actual investment amount is limited to rooms with low sales prices, but advertised as if multiple units could be sold for all rooms.
The Fair Trade Commission said, “To prevent damage to consumers that may occur in the process of selling profitable real estate, we plan to strengthen inspection of unfair advertisements.”
/yunhap news
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