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Seoul ‘2.4 Billion Won Special Supply’ Illegal Resale Group Sent to Prosecutors After Profit Fight

Published: · Source: mk.co.kr

Seoul ‘2.4 Billion Won Special Supply’ Illegal Resale Group Sent to Prosecutors After Profit Fight
TL;DR: Seoul’s civil judicial police found a group that abused the multi-child special supply system to illegally resell Seoul apartment presale rights.
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Seoul’s Civil Judicial Police Bureau has referred to prosecutors a group accused of abusing the multi-child special supply system to illegally resell presale rights for a Seoul apartment. The group is understood to have gained improper profits while reselling rights to what was described as a ‘2.4 billion won special supply’ apartment. The case surfaced after housing prices rose and members clashed internally over how to divide additional premiums. The incident highlights how fraudulent subscriptions and resales can damage trust in a special supply system designed to protect genuine end-users, and related enforcement is expected to continue. Source: mk.co.kr.

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