Hampyeong-gun Rewards for Reporting 'Illegal Real Estate Activities'

Up to 500,000 KRW for Whistleblowers Reporting False or Fraudulent Transactions

[Hampyeong=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Hampyeong County will pay a reward of up to 500,000 KRW to informants to eradicate illegal real estate transactions.

On the 8th, according to the county, to prevent the prevalence of illegal acts such as false or fraudulent real estate transaction reports for purposes like tax evasion and price manipulation, a reward of up to 500,000 KRW will be given to those who report illegal real estate transactions.

The report targets include ▲false reporting of real estate transaction prices ▲false real transaction reports without monetary transactions ▲false cancellation reports despite no contract cancellation after real estate transaction reporting ▲transactions under another person's name ▲brokerage activities violating the Licensed Real Estate Agents Act ▲real estate price manipulation, etc.

Reporters must attach at least one piece of evidence proving the report, such as a copy of the transaction contract, payment details, or mobile text message records.

The county plans to notify relevant agencies and impose administrative sanctions such as fines if illegal activities are found after a thorough investigation based on the evidence.

However, false reports, failure to supplement evidence, or re-reporting of closed cases without justifiable reasons will be automatically closed.

Rewards will not be paid if the report or accusation is made anonymously or under a pseudonym, making it impossible to identify the reporter or accuser, or if the violator or those involved in the violation report or accuse themselves.

Illegal transaction reports can be submitted to the Land Management Team at the Hampyeong County Civil Service Office or through the Hampyeong County website (Real Estate Illegal Transaction Reporting Center).

If found to be an illegal transaction, the contracting parties and licensed real estate agents may be fined up to 30 million KRW or reported to related agencies such as the tax office.

A county official said, “Since damages caused by illegal real estate transactions such as price manipulation ultimately affect the residents, we ask for active cooperation in reporting.”

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