"Get Expert Advice"... Korea Real Estate Board to Launch Consulting Services for Maintenance Project Union Management

Pilot Program to Launch in Daegu from June 29
Service Scope to Expand Nationwide for All Unions

The Korea Real Estate Board announced on June 26 that, starting from the 29th, it will launch a pilot program for "union management consulting" in partnership with Daegu Metropolitan City and begin accepting consulting applications from unions nationwide.

Previously, administrative management and supervision of unions were conducted mainly through post-incident inspections by local governments, which focused on detecting violations after the fact. There were concerns that such measures, including criminal complaints or corrective orders, could delay project progress.

In response, after signing a maintenance project support agreement with Daegu Metropolitan City in 2024, the Korea Real Estate Board plans to refine the system through this pilot program and then offer official consulting services to unions across the country starting next month.

The consulting services will cover all aspects of union operations, including service contracts, union administration, budgeting and accounting, and information disclosure. An expert group consisting of representatives from the Korea Real Estate Board, local governments, lawyers, and accountants will visit sites to provide tailored advice. Even after the consulting sessions, the Board will continue to monitor improvements and any additional issues, and, if necessary, will offer follow-up consulting to enhance effectiveness.

To facilitate the consulting process, the Korea Real Estate Board appointed 79 advisory members nationwide last month, with the cooperation of the Korean Bar Association and the Korean Institute of Certified Public Accountants, and organized regional consulting groups to establish a systematic support structure.

The consulting service targets redevelopment and reconstruction project unions that have been established within the past two years or are in the stage before selecting a contractor. Other unions may also apply if needed.

Kim Namseong, Director General of the Korea Real Estate Board, stated, "Union management is a key factor that determines the success or failure of maintenance projects, so professional support is essential. We will continue our efforts to support early-stage maintenance project unions nationwide, enhance transparency in union operations, and revitalize redevelopment and reconstruction projects."

This content was produced with the assistance of AI translation services.