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Busan Metropolitan City Conducts Inspections of Real Estate Agencies Ahead of the Ministry of Oceans and Fisheries Relocation, Detects Illegal Activities

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it conducted a “Special Joint Inspection of Real Estate Agencies” from September to October to prevent collusion in rental transactions and illegal brokerage activities ahead of the relocation of the Ministry of Oceans and Fisheries (MOF) to Busan. The city detected four suspected cases of violations of the Licensed Real Estate Agents Act.

This inspection was carried out through unannounced on-site enforcement by joint inspection teams composed of officials from the Special Judicial Police Division, the Land Information Division, and relevant departments of each district and county. As a result, four suspected violations of the Licensed Real Estate Agents Act were identified—two cases are under investigation, and two were corrected on site.

The inspections targeted real estate agencies located near the planned temporary MOF offices in Dong-gu and surrounding areas, as well as residential districts with high demand such as school zones and large apartment complexes that could be vulnerable to collusion in rental prices. The 66 targeted agencies were distributed as follows: Dong-gu (6), Busanjin-gu (17), Yeongdo-gu (6), Nam-gu (9), Haeundae-gu (9), Dongnae-gu (10), and Suyeong-gu (9).

The inspection results showed that most real estate agencies were in compliance with the Licensed Real Estate Agents Act, and no major violations such as rental price collusion or false listings were found. However, two cases were detected where unlicensed individuals appeared to have conducted brokerage services through the illegal lending of office registration certificates. These cases are now under investigation by the Special Judicial Police. In addition, two other cases involving inadequate display of required certificates, such as business or brokerage office registration documents, were corrected on site and received warnings.

The city also requested the active cooperation of real estate agencies to prevent illegal activities related to real estate transactions and to support the stable settlement of MOF employees in Busan.

Mayor Park Heong-joon stated, “This joint inspection was implemented to prevent market-disrupting practices ahead of the MOF’s relocation, with a focus on minimizing citizen inconvenience and maintaining market stability,” adding, “We will continue joint enforcement with district and county offices to ensure the smooth relocation of MOF employees and safeguard housing stability for citizens through consistent monitoring and investigation of violations of the Licensed Real Estate Agents Act.”