108 Associations Not Liquidated Over 5 Years After Dissolution; Some Ongoing for 16 Years
According to 2026 data, out of 300 associations, 176 have been dissolved for more than 3 years, and 108 for more than 5 years. In particular, one association in Seoul, dissolved in 2010, is still undergoing liquidation 16 years later.
Allegations have been raised that some liquidators intentionally delay the liquidation process and privately misappropriate reserve funds. Cases were pointed out where 600 million won was paid as liquidator salaries over 10 years, and excessive operating expenses were used.
Criticism arose that prolonged delays in liquidation infringe on the property rights of association members and increase the potential for corruption.