A series of disputes related to apartment redevelopment in the Daejeon area... The key is the ‘battle of speed’

Continuing disputes over reconstruction and redevelopment union construction company selection and construction cost estimation
Noise related to promotion committee funds... Due to legal dispute over abuse of authority
If you are involved in a related dispute, you need to secure your rights and interests.

As the real estate recession in the Daejeon area continues, a series of disputes related to maintenance projects such as reconstruction and redevelopment are heating up, requiring caution.

As this is a business that involves a long-term war, experts advise that if you are involved in a dispute, you must respond quickly to secure your rights and interests.

According to the real estate maintenance industry, the city maintenance project has been put on hold due to the prolonged recession in the Daejeon real estate market and disputes within the redevelopment association.

Redevelopment is a project implemented to improve the residential environment in areas with poor maintenance infrastructure and a high concentration of old and defective buildings. It usually takes more than 10 years from completion to actual occupancy after going through procedures such as association establishment approval, project implementation approval, and management and disposal plan approval.

There is also the problem that the period of time may be longer due to a legal dispute over the operating costs of the redevelopment association.

While reconstruction and redevelopment projects are already in full swing throughout the Daejeon region, various risks are emerging, including disputes over the selection of the initial construction company and construction cost pricing, interest on delayed payments, and cash settlement issues for redevelopment.

Daeryun Law Firm (Liuhan) explained, “Conflicts between unions and union members can escalate into lawsuits, which can shake the foundation of the business. In real estate disputes surrounding reconstruction and redevelopment, such as misappropriation of contributions and embezzlement and breach of trust by union leaders, there is a need to objectively determine whether liability exists, etc.”

At the same time, he added, “There are so many interests involved, and a quick response determines the outcome. It takes a long time to proceed with a lawsuit, and the amount can range from tens of millions to hundreds of millions of won, so related issues must be carefully reviewed and resolved with experts.”

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