Jipyeong LLC said Sunday it will hold a seminar at 2 p.m. on May 11 titled “Building Sales Act A to Z Every Developer Must Know.”
The firm said the event will examine the practical impact of a Supreme Court ruling issued Dec. 24, 2025 (2025Da215248) and outline ways to identify and respond to legal risks that can arise throughout the sales process.
The ruling clarified that when a corrective order is issued under the Act on the Sale of Buildings, buyers are entitled to cancel their contracts regardless of how serious the violation is. The decision is viewed as a precedent that could significantly affect industry practice, as even relatively minor violations — such as missing information in sales advertising — may lead to contract cancellation and refunds. As a result, developers face increased pressure to strictly comply with legal obligations at every stage, before and after contracts are signed.
Jipyeong said the seminar will cover key issues and response strategies from the pre-sale stage through contract signing and post-sale management. It also plans to introduce recent issues, including the main points of a proposed enforcement decree revision and the potential use of constitutional complaints.
The seminar will open with remarks by partner attorney Song Han-sa and feature three presentations. Partner attorney Kang Min-je will speak on the pre-sale stage, focusing on the Act’s regulatory framework and practical precautions. Attorney Kim Min-ju will address legal duties and risk management at the contract-signing stage. Partner attorney Baek Jong-hyeon will discuss major post-sale issues and response strategies.
Song, head of Jipyeong’s Construction and Real Estate Group, said the ruling made clear that even minor procedural flaws can lead to contract cancellations, requiring close legal review across the entire project. He said he hopes the seminar will help developers assess risks in advance and prepare response plans.
* This article has been translated by AI.
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