Disputes Rise, But Only 17.2% Successfully Medicated by Korea Real Estate Board

[Economy 365]

While housing and commercial lease disputes are increasing rapidly, only about 1 in 6 cases handled by the Korea Real Estate Board have successfully reached a settlement.

Disputes filed through August of this year reached 1,217 cases, which is 2.3 times the 538 cases recorded for the entire year of 2022, and already surpassed last year's total filings.

From 2022 through August of this year, a total of 4,511 disputes were filed.

Among the 4,398 cases that have been processed, settlements were reached in only 758 cases, accounting for just 17.2%.

Cases dismissed because lawsuits were already underway or the parties failed to respond to the investigation were the most common at 41%.

By type, conflicts regarding deposits or the return of buildings were the most frequent for both housing and commercial leases.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.