Dongdaemun-gu Proactive Administration Shines... Shared Land Partition Settlement of About 520 Million Won Paid to 30 Heirs Over Four Generations

[Asia Economy Reporter Jongil Park] Dongdaemun-gu (Mayor Yu Deok-yeol) has identified the rightful owners of liquidation funds arising from the division of shared land through proactive heir investigations.

Liquidation funds ranging from approximately 50 million KRW to 2.8 million KRW were paid to 30 heirs spanning four generations according to their statutory inheritance shares.

A district official stated that while proactive administration to locate heirs and pay liquidation funds when the rightful owner has passed away has been ongoing during the shared land division process, this is the first case where heirs across four generations were investigated and the matter concluded.

Thirteen land parcels, including lot number 4** in Jegi-dong, are registered under nine owners according to the official registry, but in reality, six individuals occupy the land. As a result of the shared land division, liquidation funds totaling approximately 610 million KRW were generated. Among the five recipients of these funds, three were confirmed deceased, and their liquidation funds amounting to about 520 million KRW had been held in the district treasury.

Accordingly, from May of this year, over a six-month period, the district conducted investigations using official documents such as family registers and certificates of family relations, as well as immigration-related records and legal consultations. Ultimately, liquidation funds ranging from approximately 50 million KRW to 2.8 million KRW were paid to 30 heirs of the three deceased individuals according to their statutory inheritance shares.

Yu Deok-yeol, Mayor of Dongdaemun-gu, stated, “By proactively administering measures to pay the descendants the assets of ancestors that might have otherwise never been found, we were able to protect the property rights of our residents. We will continue to make active efforts to protect residents’ rights and carry out trusted cadastral administration.”

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