Redevelopment and Reconstruction
Association approval, management disposition plans, cash settlement, sale claims
Redevelopment and Reconstruction
Redevelopment and reconstruction projects in Korea move through a fixed series of administrative steps, from association formation to the management disposition plan and the transfer notice. Each step can be challenged only within a set period, and when that period passes the step stands even if it was wrong.
Daehanjoongang Law Firm acts for associations and for individual owners: membership and eligibility, apportionment of costs, cash settlement amounts, challenges to general-meeting resolutions, and sale claims against owners who do not join.
What we handle
Association formation and approval
Management disposition plans and challenges to them
Cash settlement for owners who leave the project
Disputes over cost apportionment and additional contributions
General-meeting resolutions and removal of officers
Sale claims (maedo cheonggu) and compulsory purchase
Lease and relocation issues during a project
What foreign nationals should know
A foreign national who owns property in a project area has the same membership rights and the same deadlines as a Korean owner. Notices are sent in Korean, so missing one is the most common cause of lost rights.
If you live abroad, a Korean attorney can receive notices, attend meetings and file objections on your behalf under a power of attorney.
Cash settlement amounts are based on appraisals. We review the appraisal date and method before deciding whether to challenge the amount.
Rental income and tax on property in a project area follow separate rules; we coordinate with tax advisers where needed.
Frequently asked questions
Owners who do not join or who leave the project are paid a cash settlement, and the association may bring a sale claim to acquire the property. The amount can be disputed in court, which is where most of our work on these cases happens.
A filing period applies from the date the approval is announced. Once it passes, the plan itself can no longer be attacked, and only later individual decisions can be. We check the dates first in every case.
Yes, when the notice, quorum or voting procedure was defective. The meeting records and the notices sent to members are the key evidence.
Yes. Most steps can be handled with a notarized power of attorney and identity documents, and we report to you in English at each stage.
This page provides general information about Korean law and is not legal advice. Outcomes depend on the facts of each case. Consultations are paid and are held in English or with an interpreter.