Acquisition of real estate

Excluding partial restricted area, the foreign investment business is able to attain real estate, and land acquisition report should be registered within 60 days.
  • Form
    • In order for foreigners to do commercial business in Korea, establish domestic corporate body of foreign investment business according to the foreign investment promotion law. If acquisition of real estate is done by the name of relevant corporate body, (ex. Purchase of building for business, acquisition on form of factory site, etc)
      ※ If business is established in Korea, report business establishment to the exchange bank. After registration, purchase real estate in the company name.
  • Procedure in Acquisition of real estate
    Procedure in Acquisition of real estate >Conclusion of real estate contract >Report of land acquisition >Ownership transfer registration
  • Report of land acquisition
    • Period of registration : within 60 days from conclusion of contract
    • Registration office : land address, city, gun, appointed department of gu-office
    • Required documents : Contract in Acquisition of real estate, certified copy of registration of real estate
      ※Only pertain to foreign investment ratio of 50% or more (Alien landownership law do not regulate foreign investment business as foreign if the foreign investment ratio is less than 50%)
  • Registration of real estate
    • Period of registration : within 60 days from conclusion of contract (balance payday)
    • Registration office : district registry office of land address
    • Required documents : copy of corporate registration(for individual business, copy of alien registration), report of registration, proving document for reason of registration (officially approved contract, etc), certificate of title, certified copy of registration of real estate
      ※ Power of attorney is needed for sealed signature of a mandator for request of deputy
the person in charge
Real Estate Division Tel.02-3423-6332
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