To prevent the common mismanagement of association operations and the resulting delays in the early stages of redevelopment and reconstruction projects, the Korea Real Estate Board (REB) will expand association operations consulting nationwide.
The Korea Real Estate Board (REB) said on the 28th that starting on the 29th, it will launch a pilot "association operations consulting" program with Daegu Metropolitan City to raise the administrative and operational capacity of associations in the early phase of maintenance projects.
Until now, front-line maintenance project associations have been administratively managed through periodic inspections by local governments. However, this has mostly operated as an "ex post punishment" approach that detects violations after they have already occurred and then files complaints or issues corrective orders. Because of this, disputes have flared, and there has been a steady outcry that the side effects are significant, with the overall maintenance project timeline instead getting longer.
Accordingly, after addressing shortcomings identified during this pilot with Daegu City, the Korea Real Estate Board (REB) plans to expand this consulting system to all maintenance project associations nationwide and implement it in full starting in July.
Priority consulting targets are early-stage redevelopment and reconstruction associations that were established less than two years ago or are still before selecting a construction contractor. However, even maintenance project sites that do not meet these conditions may apply separately if they are struggling with operations and need help.
The consulting scope covers the full range of association operations, from the appropriateness of service contracts to internal administration, budgeting and accounting, and compliance with information disclosure obligations. In addition to Korea Real Estate Board (REB) staff and local government officials, outside experts such as attorneys and accountants will visit association offices in person to offer site-specific solutions.
Associations seeking support can download and submit the application form at the Future City Support Center on the official website of the Korea Real Estate Board (REB). The board said it will continue to monitor improvements and new pending issues even after consulting ends, and, if necessary, provide supplemental consulting as an additional service.