Amendment Order for Real Estate Joint Enterprise Rules Promulgated

This amendment is based on the August 2025 interim summary on the future of real estate specified joint enterprises in light of expanded participation by general investors. The relevant ministerial regulation, supervisory notes, and Electronic Transaction Business Guidelines were reviewed, focusing mainly on adding matters to be explained before the formation of real estate specified joint enterprise contracts.

The amendment has been announced as an initiative to develop a market in which investors can invest with greater clarity and confidence.

The Order Partially Amending the Enforcement Regulation of the Real Estate Specified Joint Enterprise Act changes the number of copies to be submitted for permit applications and other documents, and adds situations in which there is a risk of hindering the protection of business participants. It also adds matters to be explained before the formation of real estate specified joint enterprise contracts and enhances the information required in property management reports. In addition, it enhances the matters to be posted on websites and other platforms by real estate specified business operators and others conducting electronic transaction business.

The supervisory notes were amended with respect to content related to [2], [3], and [4] of the Enforcement Regulation amendments, while the Electronic Transaction Business Guidelines were amended with respect to content related to [5]. For both, the detailed information is provided in the attached materials. Transitional measures apply to some provisions.