Seoul City Uncovers 396 Violations in 82 'Kkamkkami' Regional Housing Cooperatives

Seoul City announced on the 13th that a joint expert on-site investigation of 111 local housing cooperative projects under management found a total of 396 regulatory violations in 82 cooperatives.

Currently, a total of 118 local housing cooperative projects are underway in Seoul. The city conducted a preliminary sample survey of 7 sites in the first half of this year and carried out investigations on 111 sites in the second half.

The main violations included ▲ improper recruitment advertisements for cooperative members ▲ improper disclosure of information such as fund borrowing and contract status ▲ major decisions made without general meeting approval ▲ improper preparation of membership contracts and violation of explanation obligations during contracting ▲ improper consent form formats, among others.

Of the 396 violations detected, 243 cases are subject to administrative guidance, 42 cases to fines, and 111 cases to prosecution. The city plans to take action in principle according to relevant laws and regulations.

However, for cases involving fines and prosecution, the city will provide a grace period for correction, and if not rectified, administrative measures will be taken according to regulations.

The results of this investigation can be viewed on the Jeongbi Project Information Mongttang website and the websites of the respective district offices for each project site. The city plans to make detailed issues for each cooperative available on the websites operated by each cooperative so that cooperative members can check them.

Han Byung-yong, Director of the Seoul Housing Policy Office, said, “We will regularly investigate the status to prevent local housing cooperatives from proceeding in the dark and causing harm to honest cooperative members, and respond in principle. We must all work together to ensure that local housing cooperatives operate transparently by actively exercising members’ rights such as requesting information disclosure.”

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