Yongin City to Block False and Exaggerated Ads... Comprehensive Inspection of Regional Housing Cooperatives Conducted

Comprehensive Inspection of 14 Regional Housing Cooperatives; Complaints Filed and Corrective Orders Issued for 9 Sites
Follow-up Inspection Planned in the Second Half of the Year to Verify Implementation of Corrective Actions

Yongin Special City in Gyeonggi Province announced on the 18th that it has completed the "First Half of 2026 Regional Housing Cooperative Status Inspection," which was conducted to ensure transparent operations of regional housing cooperatives and protect the rights and interests of cooperative members.

Yongin Special City Hall exterior. Provided by Yongin Special City

This inspection was carried out as part of management and supervision in accordance with the Enforcement Decree of the Housing Act and other relevant laws, with the aim of preventing potential damage to citizens caused by opaque management practices and false or exaggerated advertisements that may arise during regional housing cooperative projects.

In particular, starting this year, the city has been strengthening its inspection, management, and supervision of all stages of cooperative projects based on the "Virtuous Cycle Management System for Regional Housing Cooperatives" currently in operation.

To prevent disputes and damages that may occur from the early stages of projects, the city conducted a comprehensive inspection of 14 regional housing cooperative project sites in the area beginning at the end of March.

As a result of the inspection, the city took administrative actions, such as filing complaints and issuing corrective orders, against nine project sites that proceeded with their projects without reporting changes to business plans or failed to comply with relevant regulations during the recruitment of cooperative members.

The main issues identified were as follows: failure to follow the reporting procedure for changed business plans; omission of mandatory guidance phrases and dissemination of misleading information in recruitment advertisements for cooperative members; and inadequate information disclosure procedures, such as on internet cafes.

The city immediately demanded corrective action from the projects where these issues were identified, and plans to conduct follow-up inspections in the second half of the year to confirm whether improvements have been made.

In addition, through the "Virtuous Cycle Management System," which continuously manages the entire project process from recruitment notification to completion inspection, the city aims to prevent citizen damages caused by project delays or cancellations and to strengthen management and supervision.

The city has also been continuously providing advance guidance and publicity to prevent citizen damages related to regional housing cooperatives.

Last year, the city produced and distributed a casebook summarizing major damage cases related to regional housing cooperatives, and in the past three years, has produced and distributed information materials on matters to be aware of when joining cooperatives and posted banners at major locations to alert citizens.

The casebook of regional housing cooperative damages, as well as information on business overviews and the status of each cooperative project, can be found on the Yongin city website.

An official from Yongin City stated, "Because regional housing cooperative projects involve direct participation by cooperative members, it is important for citizens to fully understand the structure of these projects and the associated risks, and above all, transparent operations are necessary. Through regular status inspections and continuous information provision, we will do our utmost to prevent citizen damages and create a safe residential environment."

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