Youngtong-gu Fines Imposed for Real Estate Registration Violations

Youngtong-gu (District Head Choi Hee-soon) investigated violations of the Real Estate Registration Special Measures Act targeting approximately 18,000 registration notification documents notified by the Dong-Suwon Registration Office of the Suwon District Court in the first half of 2013. The district imposed fines totaling 40 million won on 12 cases where real estate was registered more than 60 days after the date of final payment in property transactions.

Moving away from the existing manual method of investigating each registration notification document by comparing the registration receipt date and the date of cause, the district developed a program utilizing computerized data from registration notification documents. The program subtracts the final payment date from the registration receipt date and extracts cases exceeding the 60-day threshold for investigation.

As a result, the investigation period was reduced from approximately three months to one week, enabling more efficient administration. Additionally, the amount of fines imposed increased approximately 18-fold compared to the previous year, contributing to increased tax revenue.

A district official stated, "We plan to continuously conduct investigations of violations related to real estate registration laws using the new investigation system," and added, "We will strengthen preliminary public awareness campaigns to minimize violations."