Various laws, such as The Foreigner’s Land Acquisition Act, The Foreign Exchange Transactions Act, and The Foreign Investment Promotion Act, apply to foreign nationals’ acquisition of real estate in Korea. Regulations relating to land acquisition, use, and development apply equally to locals and foreign nationals.
In the event of foreign nationals’ land acquisition, different laws and procedures apply, depending on the purpose of the acquisition, whether residing in Korea, and whether an individual or a corporation.
|Report on real estate acquisition|
|Issuance of registration number for real estate registration|
|Registration of title transfer|