PART 1 Cycle/Indicator Part

1.
The "Heartbeat" of the Seoul Housing Affordability Index: The Intersection of Interest Rates and Housing Prices

2.
The correlation between K-HAI and interest rates: "A 1 percentage point change in interest rates = a 10-20 point change in HAI."

3.
Lagging Indicators of the Auction Market: A Surge in the Number of Auctions in Progress and a Plummeting Clearance Rate

4. Seoul's housing affordability is among the highest in the world, as measured by the PIR index. The difficulty of owning a home.

PART 2 Auction Procedure Part

1.
Auction types and procedures
(1) Court auction, public auction, and trust auction
(2) Overview of real estate auction procedures

2.
Practical Strategies and Checklist for Safe Auction Investment
(1) Auction Practice Strategies and Checklist - A 7-Step Practical Guide for Beginners
· A 7-Step Auction Practical Guide for Beginners: Flow Chart
· Simple checklist & precautions
(2) Three key technologies for successful auction investment
(3) Analysis of commercial area and profitability
(4) Taxes to be paid after winning a real estate auction
(5) Cases to keep in mind when winning an auction

3.
Analysis of items by type and case-by-case strategies
(1) Things to note when auctioning land
· Land Auction Bidding Checklist
(2) Motel and pig farm auctions - consider not only the building but also the business rights.
(3) Commercial Auction Bidding Strategy and Essential Checklist
· Auction Commercial Property Purchase Due Diligence Checklist
· Tax Risk Checklist for Auction Property Purchases

4.
Utilization strategy after winning the bid for each floor's parking lot
(1) Practical Guide to Using Floor-by-Floor Parking Lot
(2) Management and maintenance costs
(3) Negotiation strategies and precautions when signing a lease contract
(4) Promising and unpromising industries according to local commercial districts
(5) Implications of investment success and failure cases

PART 3 Rights Analysis/Tenant Part

1.
Types of Rights and Field Response Strategies
(1) Types of rights appearing in real estate auctions and precautions
(2) Strategies to respond to unauthorized containers and greenhouses on auction land
· Flow chart and checklist for responding to unauthorized containers and greenhouses

2.
Tenant Power: A Beginner's Guide to Auctions
(1) Opposing power: the power to protect tenants' rights
(2) Right to erasure: The boundary line where rights disappear
(3) Right of priority payment: The right to receive my deposit back first.
(4) Priority Payment Rights: A Strong Protection for Small Tenants
· Key Summary of Tenant Resistance

3.
A Practical Guide to Leasehold Registration and Opposition
(1) Definition and institutional purpose of lease registration - “A safety device that protects rights even when moving.”
(2) 2023 Law Amendment - Expediting Registration Applications by Simplifying Procedures
(3) Effect of registration of leasehold rights at auction - “living right of opposition and priority right of payment”
(4) Worst case scenario - only a portion is distributed and the remaining deposit continues to be acquired.
(5) Essential Pre-Bid Checkpoints - "Analyze Leasehold Property: This Is How"
(6) Areas requiring institutional improvement and practical response strategies
· Leasehold Registration Flow Chart

4.
The concept of the statute of limitations on bonds and practical response strategies
(1) Concept of statute of limitations on claims
(2) Cases of statute of limitations on bonds and response strategies
· Statute of Limitations on Bonds FLOW CHART

PART 4 ​​SPECIAL RISKS

1.
Kindergarten
(1) Auction announcement practices and liens damage
(2) Lawsuit to confirm non-existence of right of custody
(3) Response strategy for false child custody claims
(4) Dangerous kindergarten cases for beginners
· Checklist of requirements for establishing a right of custody

2.
Auctioning Land with a Living Building Permit - Legal Illusions and Real-World Pitfalls
(1) The pitfalls of land with a valid building permit: “Winning the land bid isn’t the end.”
(2) Legal non-succession and institutional gap in building permits
(3) The Road to Litigation: A Painful Pilgrimage to Find Legal Rights
(4) Real-world Case: The Collapse of Negotiations and the Hostage Taking of Permits
(5) Analysis of practical risk factors
(6) Response strategy: Strategizing procedures and sequences
(7) Expert advice and lessons

3.
Practice of auctioning shared property and preemptive rights of co-owners
(1) Definition and key concepts of co-owners' preemptive right of purchase
(2) Procedure for exercising the shareholder's preemptive right
(3) Conversion to a second-priority purchaser and use of a waiver
(4) Risk factors expected when bidding for share auction
(5) Risks and lessons learned from real-life cases
(6) Response strategies that investors must know

4.
Injunctions to Cancel Fraudulent Transactions: Legal Risks and Response Strategies for Auction Winners
(1) What is an injunction to cancel a fraudulent act?
(2) Legal risks faced by auction winners
(3) Pre-bidding checkpoints and strategies
(4) Post-bid response strategy
(5) Risks and Lessons from Supreme Court Case Law
· <Injunction to Cancel Fraudulent Acts> Auction Risk Response Flow Chart

5.
Single injunction and auction practice
(1) The concept and legal basis of provisional disposition for delivery, demolition, and collection of real estate
(2) Cases of utilizing temporary injunctions at reconstruction and auction sites
(3) Limitations and practical problems of the single-action injunction system
(4) Effectiveness and Limitations of the System: Lessons from Case Studies
(5) Strategies for Applicants (Creditors) Considering a Single Injunction
· Practical Flow Chart for Provisional Injunctions for Real Estate Delivery and Demolition

6.
The Reality and Strategy of the "Albakgi" War: Developers vs. Landlords
(1) Selling claim system - Legal weapons and limitations of the executor
(2) The landlord's strategy of stepping on a landmine!
(3) The implementation company's response - a dual strategy of law and negotiation
(4) The Reality of Development Projects - A Battle Against People, a Battle Against Time
(5) A critical view of the phenomenon of albakgi
· Executor vs.
Landlords - 'Albakgi' Dispute Response Strategy

7.
Practical Strategies and Precautions for Lease Agreements
(1) Common Mistakes and Mistakes of Beginner Landlords
(2) Five essential special provisions to protect landlords
(3) Legal response procedures in case of problems
· Practical strategies and preventive measures for lease agreements

8.
Understanding and Responding to Statutory Ground Rights
(1) Concept and establishment requirements of statutory ground rent
(2) Characteristics and bidding strategies of auction items with statutory ground rights
(3) Methods of utilizing or removing statutory ground rent (practical responses such as agreements and lawsuits)
(4) Cases of disputes related to statutory ground rights and recent case law trends
(5) Abuse of statutory ground rights and pitfalls to be aware of
· Understanding and responding to statutory ground rents

PART 5: Rent Fraud and HUG/LH Intervention

1.
Auction Fraud Prevention Guide for Auction Investors
(1) The relationship between damage from rental fraud and auctions
(2) Main types and characteristics of auction fraud techniques
· Flow Chart of "Double Tenant" Fraud in the Metropolitan Area + Auction Gap Investment Techniques
(3) The Hidden Risks of Auction Consulting - A Guide to Preventing Auction Fraud for Beginner Investors
· Typical scenario of auction consulting fraud
(4) Absurdity of the auction market as seen through the method of registering shared ownership
(5) Direction of institutional improvement to prevent fraud
(6) Five Commandments for Fraud Prevention

PART 6 CONCLUSION

1.
Hidden Risks and Information Asymmetry in Auction Investment
(1) Optical illusion due to limited information and lack of expertise
(2) Outdated auction site bidding: A broker's playground
(3) All risks are the responsibility of the successful bidder.
(4) Household bankruptcy and tears
(5) Overheated competition and high bids
(6) Collusion and market disruption
(7) Risk of procedural changes
(8) Possibility of legal disputes

2.
The Tears of the Young and the Traps of Auctions

3.
Advice for Safe Auction Investments

4.
10 Commandments for Practical Light Aircraft
(1) Do not stand at the auction house unprepared.
(2) Rights analysis is a lifeline.
(3) On-site management is not optional, it is essential.
(4) Let go of emotions and go with numbers.
(5) Prepare enough ammunition
(6) The light cannot win without war or strategy.
(7) Don't ignore market trends and location.
(8) Take into account loopholes in the system.
(9) Do not be fooled by sweet temptations and lies.
(10) Give up greed and prioritize survival.

supplement
Appendix 1.
Auction Process Overview: 11 Steps
Appendix 2.
10 Questions and Answers about Auctions
Appendix 3.
Summary of Key Case Laws and Cases on Statutory Grounds

The real risk you didn't know about isn't 'information' but 'people'!

Why do we need this book now?

Author Park Hong-gi's "100 Commandments of Auctions, Part 1: The World of Brokers: A Labyrinth of Temptations and Traps" is not simply an "investment guide."
A survival manual that deciphers human psychology and desires, laws and structures, the language and strategies of brokers, and the harsh truths of the field.
When an item with a high valuation, repeated failed bids, and complex rights relationships presents itself as an "opportunity," most investors make their decision based on a single sentence.
But behind that one line, there is a lurking case of a ruinous failure worth tens of millions or hundreds of millions of won, including child care rights, priority tenants, first-time tenants, provisional dispositions, and joint ownership shares.
The author structured 'what to check', 'what to be wary of', and 'how to act' in such situations into 100 commandments.
The 'opportunity' of an auction is ultimately the power to read the structure, and this book provides the language and framework for thinking to read that structure.

“A comfortable life will deceive you, and ignorant investments will destroy you.”
"The 100 Commandments of Auctions, Part 1: The Maze of Temptations and Traps in the World of Brokers," which warns against complacency and ignorance and introduces how to turn caution into wisdom, offers profound insights into auction investing.
To become a veteran investor, you must be vigilant and seek opportunities.
The author explains auctions in terms that even novice investors just starting out can understand.
This one book will help you survive in the harsh world of investing.