Gwangju City Mobilizes to Prevent Jeonse Fraud... Launches Safe Jeonse Management Team and Land Readjustment Committee

On November 24, Gwangju City in Gyeonggi Province newly formed the Safe Jeonse Management Team and the Land Readjustment Committee and held an appointment ceremony to prevent Jeonse fraud and establish a safe Jeonse contract culture.

Mayor Sehyun Bang is holding an appointment ceremony on the 24th to newly form the Safe Jeonse Management Team and the Cadastral Re-survey Committee to prevent Jeonse fraud and establish a safe Jeonse contract culture. Provided by Gwangju City, Gyeonggi Province

On this day, the city appointed Jeong Byeong-yeol, head of the Gwangju branch of the Certified Real Estate Agents Association, as the representative of the Safe Jeonse Management Team. In addition, the vice branch head, heads of town and township branches, and guidance and inspection committee members-totaling 18 people-were appointed as members of the Safe Jeonse Management Team. To further enhance the fairness and expertise of the land readjustment project, six members were also appointed to the Land Readjustment Committee.

The Safe Jeonse Management Team will establish a real-time monitoring system for illegal brokerage activities based on on-site information from local certified real estate agents. The team will also conduct joint public-private guidance and inspections of real estate brokerage offices suspected of illegal activities.

Furthermore, to prevent Jeonse-related damages, the city will focus on six key initiatives: prohibiting the brokerage of risky properties, providing a tenant checklist before contract signing, disclosing information on brokerage office staff, promoting electronic real estate contracts, offering notification services (via text message) for changes in property rights after contract signing, and notifying tenants about malicious landlords.

Additionally, the Land Readjustment Committee will serve as a policy and technical advisory body to ensure the smooth progress of the land readjustment project and will contribute to establishing a fair and transparent land management system.

Mayor Bang Sehwan stated, "We will do our utmost to ensure that the Safe Jeonse Management Team and the Land Readjustment Committee work closely together to protect citizens' valuable assets and to create a fair and transparent environment for Jeonse and land administration."

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