[MoneyToday] “Even Without Considering View Rights, Compliance with Procedures Is Lawful” – Landmark Decision Facilitates Rex Apartment Reconstruction

A MoneyToday article dated December 1, 2011 introduced a court decision holding that, even if additional contribution charges were uniformly imposed without considering differences in value based on floor-level view rights, the process remains lawful where distribution measures have been duly completed in accordance with the required procedures. The article reported that “The Seoul High Court (Administrative Division 7) dismissed the claims of 14 association members of Rex Apartment, including Mr. Cho, who sought to invalidate the management and disposal plan against the association (represented by Lee & Ko), stating that despite the fact that the value difference amounted to several hundred million KRW per floor, identical contribution amounts were levied.” This decision has been assessed as a factor facilitating the reconstruction process for the Rex Apartment project.