President Lee: Excessive Collection of Management Fees is Illegal

By Kim Bongcheol Posted : May 23, 2026, 20:37 Updated : May 23, 2026, 20:37
President Lee Jae-myung greets residents during his visit to the Dongin-dong shantytown in Jongno, Seoul, on May 21. [Photo=Yonhap News]
President Lee Jae-myung stated on May 23 that the excessive collection of management fees in shared buildings such as apartments, officetels, and commercial properties is now illegal.

In a post shared early that day on X (formerly Twitter), President Lee emphasized that "everyone has the right to request details of management fees."

He added, "From now on, all irregularities in South Korea will be normalized."

Earlier, on May 21, the Ministry of Land, Infrastructure and Transport announced measures to eradicate corruption related to management fees. The proposed reforms include increasing criminal penalties and abolishing exceptions that allowed audits to be waived with tenant consent.

During a Cabinet meeting in February, President Lee criticized the practice of raising management fees to evade rent regulations, stating that concealing management fee details is akin to fraud and embezzlement.



* This article has been translated by AI.
Kim Bongcheol

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