Seoul City Cancels Registration and Takes Administrative Action Against 16 Unqualified Maintenance Companies

[Asia Economy Reporter Choi Dong-hyun] On the 12th, the Seoul Metropolitan Government announced that it has taken administrative actions such as cancellation of registration and suspension of operations against 16 unqualified maintenance companies causing confusion in redevelopment and reconstruction residential maintenance projects due to unknown locations or failure to meet registration standards.

The 16 companies subject to administrative action include 3 with unknown locations, 2 failing to meet the capital requirement (500 million KRW), 4 lacking technical personnel, and 7 delayed in reporting changes such as address or representative, accounting for 10% of the registered companies in Seoul.

During the administrative action period, these companies are restricted from participating in new projects, and if re-detected for the same reasons, the administrative penalties will be intensified, with some registrations possibly being canceled. Companies with canceled registrations cannot apply for registration as specialized maintenance managers for maintenance projects for the next two years.

The Seoul Metropolitan Government explained that it decided on the administrative actions because unqualified maintenance companies fail to provide proper services to associations and hinder the efficient promotion and transparency enhancement of maintenance projects.

Ryu Hoon, head of the Seoul Housing and Architecture Headquarters, stated, “The capabilities of specialized maintenance management companies are very important for the smooth progress of maintenance projects,” and added, “To this end, the city will continue inspections to eliminate unqualified companies such as paper companies or those lacking qualifications.”

This content was produced with the assistance of AI translation services.