Korean Association of Certified Judicial Scriveners Urges Passage of the 'Special Act on Real Estate Ownership Transfer Registration'

The Korea Association of Certified Judicial Scriveners issued a statement on the 22nd urging the National Assembly to promptly pass the "Special Act on the Transfer Registration of Real Estate Ownership, etc. (Special Act)" currently pending in the legislature.

Namcheol Lee, President of the Korea Certified Judicial Scrivener Association. Photo by Younghan Heo younghan@

This bill, primarily aimed at aligning real estate rights with the actual rights relationships, was introduced by Representative So Byeong-cheol of the Democratic Party of Korea.

The association emphasized the urgency of passing this bill. "Due to the loss of real estate ownership documents and the death or disappearance of witnesses to rights relationships during the liberation and the Korean War, there have been many cases where the actual rights relationships do not match the registered rights on the real estate registry," they stated. "Even now, in rural and fishing villages, there remain many lands that cannot be registered without the Special Act, highlighting the need for the enactment of a new Special Act."

They further explained that this bill "defines the scope of application as real estate effectively transferred through legal acts such as sale, gift, or exchange, inherited real estate, and real estate without ownership preservation registration, limiting the applicable areas and subjects to rural and fishing village regions to address the difficulties concentrated in areas where demand for the Special Act has been high." They emphasized, "Since the bill is proposed as a temporary law to be enforced six months after its promulgation and for a duration of two years from the enforcement date, prompt passage before the end of this National Assembly session is necessary."

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