In response to the suspicion of speculation by LH employees, the government is promoting the establishment of a system such as a real estate registration system and a reporting system for public officials and employees of public institutions related to real estate policy.
According to the government, the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, the Ministry of Public Administration and Security, the Financial Services Commission, the National Tax Service, the National Police Agency, the Seoul Metropolitan Government, and the Financial Supervisory Service established TFs and started to prepare measures to eradicate speculation.
The real estate registration system is a way to regularly register real estate property of public officials and executives and employees of public institutions related to real estate policies such as the Ministry of Land, Infrastructure and Transport and LH, and we are looking into ways to disclose some of them.
This is a method of expanding the subject of the current property registration obligation for public officials based on level 4 or higher to public officials under level 5 and executives and employees of public institutions in the case of real estate policy related persons.
The Real Estate Reporting System is a system in which public officials and executives and employees of public institutions related to real estate policy voluntarily report to the head of a real estate transaction whenever they make a real estate transaction.