Kim Hyun-mi: "Lease Operators Who Do Not Properly Fulfill Obligations Will Have Registration Canceled Even If Period Remains"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Kim Hyun-mi, Minister of Land, Infrastructure and Transport, announced that based on the results of a full survey of registered rental business operators, those who do not properly fulfill their obligations will have their registration canceled even if the rental obligation period remains.

Minister Kim stated on the 28th during a session of the National Assembly Land, Infrastructure and Transport Committee in response to a question from Jo O-seop, a member of the Democratic Party of Korea, "We conducted a fact-finding survey of registered rental business operators until June this year, and we are currently digitizing the information received by local governments."

He added, "Based on the full survey results, we will classify those who complied with legal obligations and those who did not, and for those who failed to comply, we plan to cancel their registration even if the rental obligation period remains and hold them accountable. The inspection revealed that the number of business operators not complying with legal obligations is more than expected."

The Ministry of Land, Infrastructure and Transport had previously received voluntary reports regarding omitted declarations from registered rental business operators between March and June.

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