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Within a section, rank number. Across sections, receipt number. Article 4(2) is the most misread provision in Korean conveyancing.

Delivery and resident registration create opposing power; a fixed-date stamp adds priority repayment. And the statute says you cannot be repaid unless you hand the property over.

We opened the Housing Lease Protection Act: “0:00 the day after” is nowhere in it, and the test is delivery of the house plus resident registration — both.