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Laws › Act on Report on Real Estate Transactions › CHAPTER IV AREAS SUBJECT TO PERMISSION OF LAND TRANSACTION

Act on Report on Real Estate Transactions — Article 21 (Sanctions)

부동산 거래신고 등에 관한 법률 제21조

The Minister of Land, Infrastructure and Transport, a Mayor/Do Governor or the head of a Si/Gun/Gu may revoke permission granted under Article 11, make other necessary dispositions, or order any of the following persons to take measures:

1. A person who concludes a land transaction contract or a contract for alteration thereof without obtaining permission for a land transaction contract or permission to alter a land transaction contract required under Article 11;

2. A person who has obtained permission for a land transaction contract under Article 11 fails to use the land for permitted purposes;

3. A person who obtains permission for a land transaction contract under Article 11 by improper means.

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