SEOUL, May 31 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.8 percent in 2022 from a year earlier, the land ministry said Wednesday. Foreigners owned 264.01 square kilometers — slightly more than four times the size of Manhattan — at the end of December. It represents 0.26 percent of South Korea’s total [...]
SEOUL, Dec. 1 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2022 from the end of 2021, the land ministry said Thursday. Foreigners owned 260.75 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.26 [...]
SEJONG, Nov. 26 (Korea Bizwire) – Foreign ownership of South Korean land expanded 1.3 percent in the first half of the year from six months earlier, the land ministry said Friday. Foreigners owned 256.7 square kilometers of land here as of end-June, up 3.39 million square meters from the end of December last year, according [...]
SEOUL, Sept. 27 (Korea Bizwire) — A recent study has shown that the increase in land prices greatly outpaced that of consumer prices last year, deepening inequality in land ownership. According to a report released by the Institute of Land and Liberty on the basis of government data, land prices in South Korea grew by [...]
SEOUL, April 23 (Korea Bizwire) — Foreign ownership of South Korean land expanded nearly 2 percent in 2020 from a year earlier, the land ministry said Friday. Foreigners owned 253.3 square kilometers of land here as of the end of December last year, up 1.9 percent from a year earlier, according to the Ministry of [...]
SEOUL, Dec. 4 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2020 from the end of 2019, the land ministry said Friday. Foreigners owned 251.6 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.25 [...]
SEOUL, Oct. 27 (Korea Bizwire) — Corporate ownership of land in South Korea has been on a steady rise in recent years amid rising criticism of conglomerates’ real estate investment, government data showed Tuesday. South Korean companies owned 6.953 square kilometers of land in 2019, up 1.7 percent from a year earlier, according to the [...]
SEOUL, April 16 (Korea Bizwire) — Foreign ownership of South Korean land rose 3 percent in 2019 compared with a year earlier, the land ministry said Thursday. Foreigners owned 248.7 square kilometers — slightly more than four times the size of Manhattan — at the end of 2019. It represents 0.2 percent of South Korea’s [...]
JEJU, Feb. 16 (Korea Bizwire) — The amount of land owned by foreigners on South Korea’s southern resort island of Jeju decreased slightly last year, official data showed Sunday. According to the data released by Jeju’s provincial government, foreigners owned 22,548,255 square meters in 14,644 land on Jeju Island as of the end of last [...]
SEJONG, Oct. 20 (Korea Bizwire) — Profits from land assets have gone to just a handful of companies and owners, official data showed Friday. According to records provided by the Bank of Korea for the ongoing parliamentary audits, the value of private and corporate-held land came to 5,092.4 trillion won (US$4.49 trillion) as of end [...]