The Korea Association of Realtors(KAR) will launch a nationwide internal investigation and self-policing effort to eradicate price collusion by some licensed real estate agents that has recently stirred controversy. The association said on the 10th that it will use its 19 provincial chapters and 256 city, county, and district branches to conduct a full survey of price collusion through social clubs and the exclusion of nonmembers.
The association said it will respond sternly if illegal cartel-forming activities are confirmed.
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