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Act on Report on Real Estate Transactions — Article 14 (Special Cases concerning Land Transaction Contracts Concluded by State)

부동산 거래신고 등에 관한 법률 제14조

(1) In applying Article 11 (1), where either or both interested parties are the State, local governments, the Korea Land and Housing Corporation under the Korea Land and Housing Corporation Act (hereinafter referred to as the "Korea Land and Housing Corporation"), or other public institutions or organizations prescribed by Presidential Decree, the heads of relevant institutions may consult with the head of the competent Si/Gun/Gu, and when the consultation has reached agreement, permission for such land transaction contract shall be deemed granted.

(2) Article 11 shall not apply to the following cases:

1. Expropriation of any land under the Act on Acquisition of and Compensation for Land, etc. for Public Works Projects;

2. Auction under the Civil Execution Act;

3. Other cases prescribed by Presidential Decree.

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