Law firm Cheongchul's Attorney Kihyeong Bae conducted an interview with the ‘International News’ regarding ‘Preventing Overseas Real Estate Investment Fraud’.

Recently, there has been an increase in investment cases related to overseas real estate and resorts. In particular, investments in countries with high potential for development, such as Southeast Asian nations, are on the rise.

Related crime victims have also surged. To prevent damage, it is essential to analyze recent legislation, tax systems, exchange rates, and foreign exchange systems of those countries. It is also necessary to verify whether the companies and individuals intermediating the investments have tangible credibility.

Overseas investments can be challenging to manage due to physical distance from the site. Therefore, it is crucial to consult with overseas real estate investment experts to carefully review everything from the investment plan, objectives, and regulations to the establishment process.

Attorney Baegihyung from law firm Cheongchul stated, "In particular, in the case of Southeast Asian countries, there are instances where forces, such as illegal gambling sites, are colluding, so it is necessary to be cautious and not blindly trust the expected profits presented by companies recommending the investment." He further added, "Before making investment decisions, it is crucial to check the contents of the local legal systems and verify the current status of the real estate and facilities to prevent crime, as there are cases where simply doing so can avert risks. Therefore, minimizing risks through experts before making investment decisions is essential."

Detailed information can be confirmed through the published transcript of the interview.

Overseas real estate investment fraud surges… We must seek expert advice to prevent damage