[Housing Talk] Contractual considerations for 'rebarless' apartment units
Social affairsOct 9, 2023
On Aug. 2, the ruling People Power Party and the government jointly issued a decision to grant aspiring homeowners who intend to occupy apartment units constructed without sufficient reinforcing bars, commonly referred to as “rebarless” apartment units, to cancel their contracts. From a legal point of view, it is crucial to clarify that this decision has a specific scope, which applies only to contracts for the purchase of dwellings built by state-run entities such as Korea Land and