Real Estate Registration

A contract purchase of real estate by a foreigner (refer to the following) should be reported, and must accompany an approval from the relevant government offices  within 60 days of the purchase.
Permit
  • Regulations regarding Real Estate
    • Areas applicable to the laws of Military Facilities, naval base and the US Air Force
    • Areas applicable to Treasury Protection Law and Cultural Assets Protection Law
    • Areas applicable to Ecological Region Protection Law
Required documents (Processing time : 15 days)
  • - A copy of real estate registration
  • - A contract with a seal of approval
  • - Proof of Identification (Passport or Alien Registration Card)
Report
All real estate transactions with the exception of permitted areas must be reported.
Required documents
  • - A copy of real estate registration
  • - A contract with a seal of approval
  • - Proof of Identification (Passport or Alien Registration Card)
  • Processing time : Promptly
    • The failure to report the real estate acquisitions may result in confines of up to maximum 3,000,000 won.
    • For more information, direct your inquires to Real Estate Division of Gangnam-gu Office. (1F lobby Reports Division, TEL : 02-3423-6322,6323)
the person in charge
Real Estate Division Tel.02-3423-6333
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