首尔江南再建筑组合威胁就约2.2万亿韩元(16亿美元)再建筑超过利益负担金提起禁令与行政诉讼，瑞草区拟年底前依序对5个小区课征

Gangnam Rebuilding Groups Vow Lawsuits Over $1.6 Billion Windfall Levy - Seoul Economic Daily
Skip to main content
Seoul Economic Daily
Seoul Economic Daily
KST
Seoul Economic Daily
Korea's Leading Business News Since 1960
한국어
Menu
Saved Articles
Newsletters
AI KEY
Settings
|
Summary
|
Save
A
A
A
A view of apartment buildings in Seoul. News1
Rebuilding associations in Seoul's Gangnam area are threatening to file injunctions and administrative lawsuits if authorities impose levies under South Korea's reconstruction windfall recovery system. They argue they cannot pay levies running into hundreds of millions of won on gains they have not realized, calculated by a method that does not reflect actual market prices. Should the levies and court battles materialize, analysts and industry officials warn, redevelopment projects could be delayed and housing supply squeezed.
Seocho District plans to impose the levies on five complexes in sequence, starting with Banpo Hyundai (Banpo Centreville Asterium), followed by Shinsung Villa (Bangbae Centreville in the Forest), Shinbanpo 18 (Hauterre Shinbanpo), Shinbanpo 21 (Hauterre Banpo) and Banpo Jugong Complex 1, District 3 (Raemian Trinione), according to redevelopment industry sources on the 13th. The district aims to complete the assessment on Banpo Hyundai, completed in July 2021, before the end of this year, given that the statutory deadline for imposing the levy expires at year-end.
Reconstruction association members are pushing back hard against the districts' plans. Lee Soon-bok, head of the Banpo Hyundai association, said, "If an administrative order actually imposes a levy of hundreds of millions of won, we will have no choice but to sue." Ha Dong-seok, head of the Shinbanpo 21 association, said, "About 75% of our members are retired, and they could be forced to pay hundreds of millions of won without having sold their homes." Ha added, "If this goes all the way to an actual levy without the system being reformed, we will file suit."
The associations plan to press the National Assembly and the Ministry of Land, Infrastructure and Transport for changes to the system before the levies are finalized. They argue that the "normal rise in housing prices," a key component in calculating the levy, is understated under the current housing price trend survey and should instead be based on the actual transaction price index.
As of August, levies totaling about 2.2 trillion won ($1.6 billion) are set to be imposed on 46 rebuilding complexes in Seoul. The average expected levy per association member is 121.74 million won.
The National Alliance of Reconstruction and Redevelopment Associations is calling for the system to be scrapped, arguing that it lacks fairness and rationality. "The windfall recovery system restricts housing supply by discouraging redevelopment projects," an official at the alliance said. "Abolition is the right answer, but if that is not possible, the law and the guidelines should at least be changed." ▷See Page 3
#
Gangnam
#
Rebuilding
#
HousingPolicy
#
SeoulRealEstate
#
Redevelopment
#
KoreaProperty
Original reporting by
Chun Min-ah and Park Ji-woo
for Seoul Economic Daily.
AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.
View Korean original
↗
Translation Policy
Watch · Seoul Economic Daily
More →
2:20
KB Securities Sees Samsung Back at No.1, SK Hynix at No.3 Next Year | September 14 2026 | Securities Daily
2:20
Most Read This Week
1
-
5
‹
›
1
JBL Launches Xtreme 5 Bluetooth Speaker With Stronger Bass
2
Hyundai, POSCO Break Ground on $5.8 Billion U.S. Steel Mill
3
China Pumps 300 Billion Yuan Into Eight Financial Firms
4
Korea to Offer 20,000 Homes at 1,000 Won a Day for Young Adults
5
Samsung, SK hynix Memory Stockpiles Fall Below 10 Days
← Back to Home
AI KEY
Preview
↗
Korean Corporate Intelligence Hub
KOSPI · KOSDAQ · 12 sectors
A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.
Click to explore AI KEY
→
Open AI KEY in full screen
↗
Korea Company Atlas
Preview
↗
Market Ontology · The Feedback Loop
KFTC 2025 · 92 groups · 121,954 articles
An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.
Click to explore the atlas
→
Open Atlas in full screen
↗
SIGNAL
Now live
↗
English Edition · Capital Markets
M&A · IPO · PE · Fund Flows
SIGNAL English Edition is live — Korea's deal desk reporting in English. M&A, IPOs, private equity and fund flows, covered daily for global institutional investors. Browse free; subscriber-only scoops at the 50% intro rate.
Click to explore SIGNAL
→
Open SIGNAL in full screen
↗