Regulations Governing Required Qualifications for Responsible Persons and Required Trust Expertise or Experience for Operations and Managerial Personnel of Trust Enterprises Article 19
If any of the managerial or operations personnel of an enterprise that engages only in REIT or REAT business in accordance with the provisions of the Real Estate Securitization Act does not meet the requirements for trust-related expertise or experience of Articles 14 to 16 or Article 18, he or she shall make the necessary adjustment to become qualified within 1 year after the date of the competent authority's approval for establishment of the enterprise.