(1) A person who files a report under Article 3 or 3-2 by fraud, in violation of subparagraph 4 or 5 of Article 4, for the purpose of unlawfully acquiring property or property profits or causing a third party to acquire such property or property profits, shall be punished by imprisonment with labor for up to three years or by a fine not exceeding 30 million won. <Added on Apr. 18, 2023>
(2) A foreigner, etc. who enters into any land acquisition contract without obtaining permission under Article 9 (1) or after obtaining permission by improper means shall be punished by imprisonment with labor for not more than two years or by a fine not exceeding 20 million won. <Amended on Apr. 18, 2023>
(3) A person who enters into a land transaction contract without obtaining permission or permission for alteration required under Article 11 (1) or obtains permission for a land transaction contract by fraud or other improper means shall be punished by imprisonment with labor for not more than two years or by a fine not exceeding 30/100 of the relevant land price based on the publicly notified individual land price as at the time the contract is concluded. <Amended on Apr. 18, 2023>
(4) A person who violates an order of revocation of permission, or an order to make disposition or to take measures, issued under Article 21, shall be punished by imprisonment with labor for not more than one year or by a fine not exceeding 10 million won. <Amended on Apr. 18, 2023>