proptech
Turn building operating costs into itemised tenant statements that a management office can defend under inspection.
Managing directors at agencies supervising ten or more officetels or non-apartment multi-unit buildings in Seoul
Tenants in officetels and multi-unit buildings cannot verify what their maintenance fee pays for, and management offices have no tool to produce an itemised statement.
Multi-unit buildings with a managing agent produce the same dispute everywhere. Occupants cannot verify what the maintenance charge pays for, and the agent has no tool to itemise it defensibly. UK leasehold service charges are the closest analogue and carry a statutory demand for the same breakdown.
Officetels are a distinct Korean housing type governed by the Act on Ownership and Management of Aggregate Buildings, and the reform targets that asset class specifically.
Under the current legal framework, neither the Act on the Ownership and Management of Aggregate Buildings nor the Housing Lease Protection Act guarantees tenants the right to demand a detailed breakdown of their utility and maintenance fees.
The Korea Times · 2026-08-10 · observed
Interview five target customers about their current workaround.
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