Korea Real Estate Board trains Gyeonggi Province auditors on K-apt system

The Korea Real Estate Board announced Tuesday that it held a training session Aug. 27 at the Gyeonggi Province Human Resources Development Institute for civil servants responsible for auditing apartment complex management across Gyeonggi Province and its cities and counties, focusing on the use of the Apartment Management Information System, known as K-apt.

The session was designed to strengthen the professional capabilities of local government auditors and help them apply the apartment management data accumulated in K-apt more effectively to their on-site supervision duties.

The Korea Real Estate Board has operated K-apt under a mandate from the Ministry of Land, Infrastructure and Transport since 2015. Under the Multi-Family Housing Management Act, the system collects and discloses key housing management information — including maintenance fees — to promote transparency and sound management practices in apartment complexes.

The training covered the collection and disclosure framework for K-apt's core services, including complex information, maintenance fees, upkeep history, bidding records and external audit results, with a focus on how local government officials can apply these tools to their actual supervisory work.

The session centered on content that participants could put to immediate practical use — from looking up and comparing maintenance fees to checking bidding and upkeep records and navigating the data repository. The Korea Real Estate Board said it plans to continue expanding K-apt training and outreach to support local governments in overseeing apartment management.

"Gyeonggi Province accounts for about 25 percent of all apartment complexes nationwide that are required to disclose maintenance fees through K-apt, making sound apartment management especially important in the region," said Kim Nam-seong, head of the Korea Real Estate Board's Housing Supply Support Division. "We hope this training helps the civil servants involved use K-apt information more effectively in their day-to-day work."

Meanwhile, the Korea Real Estate Board is accepting reports of false real estate transaction price declarations during a six-week intensive reporting period running from Aug. 13 to Sept. 18.