{"id":45549,"date":"2020-07-08T13:24:06","date_gmt":"2020-07-08T04:24:06","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=45549"},"modified":"2020-07-08T13:36:29","modified_gmt":"2020-07-08T04:36:29","slug":"north-korea-cracks-down-illegal-housing-transactions","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/north-korea-cracks-down-illegal-housing-transactions\/","title":{"rendered":"N. Korea cracks down on illegal housing transactions"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">North Korean authorities have recently taken issue with rampant real estate transactions, calling for crackdowns and stronger controls on the buying and selling of state-owned housing, Daily NK has learned.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOn June 26, the government issued an order to the Ministry of Social Security and housing management departments of people\u2019s committees in each city, province and county to eliminate the practice of people buying and selling state-owned houses without proper approval,\u201d a source from North Hamgyong Province told Daily NK on July 6.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The North Korean real estate market has recently seen the emergence of brokers who have been able to get a hold of government-issued occupancy certificates and facilitate real estate transactions, and the practice is gradually becoming more conspicuous.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the source, the order labeled \u201cbuying or selling state-provided houses out of self-interest\u201d as \u201ca shameless act that destroys socialism.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The order emphasized that most house sellers are those suffering from financial difficulties while purchases tend to be wealthy individuals seeking to capitalize on the opportunity to buy up good-quality houses. It further stated that the Ministry of Social Security is in charge of rooting out this \u201cinhumane and capitalist phenomenon\u201d in partnership with local people\u2019s committees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The order called for the enactment of rules that stipulate fines or punishment at forced labor camps for individuals who commit illegal acts such as modernizing or revamping their home without approval, including those who purchase a neighboring house to convert two houses into one.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The order pointed out that local housing authorities tend to turn a blind eye or even abet these practices by misusing their power and authority to receive bribes. For example, the order stated that housing authorities issue occupancy certificates to real estate agents or even hand over entire stacks of blank certificates to brokers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The source said that the authorities are conducting investigations to stamp out this corruption, which they have labelled \u201canti-socialist practices that deserve strong legal punishment.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cRecent economic troubles have led a growing number of people to sell their houses to survive, which has led to a frenzy of activity among real estate agents,\u201d the source told Daily NK. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe government order has made both real estate agents and people looking to buy or sell houses afraid they might get caught and made an example of,&#8221; he added.\u00a0<\/span><\/p>\n<p><i>Please direct any comments or questions about this article to dailynkenglish@uni-media.net.<\/i><\/p>\n<p><a href=\"https:\/\/www.dailynk.com\/%EA%B5%AD%EA%B0%80-%EC%A7%91-%EC%82%AC%EA%B3%A0%ED%8C%8C%EB%8A%94-%ED%96%89%EC%9C%84-%EC%B4%88%ED%86%A0%ED%99%94%ED%95%98%EB%9D%BC-%EC%A7%80%EC%8B%9C%EC%97%90-%EC%9E%A5%EC%82%AC%EA%BE%BC%EB%93%A4\/\"><em>Read in Korean<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Korean authorities have recently taken issue with rampant real estate transactions, calling for crackdowns and stronger controls on the buying and selling of state-owned housing, Daily NK has learned.\u00a0 \u201cOn June 26, the government issued an order to the Ministry of Social Security and housing management departments of people\u2019s committees in each city, province [&hellip;]<\/p>\n","protected":false},"author":129,"featured_media":45550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[273,855],"class_list":["post-45549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-corruption","tag-housing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>N. Korea cracks down on illegal housing transactions - North Korea News \u2014 Daily NK | Latest DPRK Updates 2026<\/title>\n<meta name=\"description\" content=\"North Korea has recently taken issue with real estate transactions, calling for crackdowns on the buying and selling of state-owned housing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailynk.com\/english\/north-korea-cracks-down-illegal-housing-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N. 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