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Korea Draws a Line on Foreign Homebuyers as All-Cash Deals Stir Market Fears

Korea Draws a Line on Foreign Homebuyers as All-Cash Deals Stir Market Fears

SEOUL, Aug. 21 (Korea Bizwire) — South Korea moved to curb speculative demand from overseas buyers on Thursday, designating nearly all of the greater Seoul area as a restricted zone for foreign land transactions. The Ministry of Land, Infrastructure and Transport announced that Seoul, 23 municipalities in Gyeonggi Province, and seven districts in Incheon will [...]

Seoul Tightens Oversight on Foreign Property Purchases Amid Equity and Market Concerns

Seoul Tightens Oversight on Foreign Property Purchases Amid Equity and Market Concerns

SEOUL, June 16 (Korea Bizwire) — The Seoul Metropolitan Government announced new measures on Sunday to enhance oversight of real estate transactions involving foreign nationals, aiming to address rising concerns over transparency, market disruption, and perceived unequal treatment of domestic buyers. As foreign ownership of property in South Korea increases, Seoul officials plan to scrutinize sources [...]