property transactions Archives

S. Korea Unveils Measures to Prevent Foreigners’ Illegal Property Transactions

SEOUL, Dec. 22 (Korea Bizwire) — Finance Minister Hong Nam-ki said Wednesday the government will closely monitor foreigners’ real estate transactions in a bid to prevent cross-border flows of illegal funds and crack down on dubious deals. The government unveiled a set of measures to prevent foreigners from illegally buying real estate as some non-residents [...]

Foreigners’ Property Transactions Hit New High in 2020

SEOUL, Jan. 26 (Korea Bizwire) — Foreigners’ building transactions in South Korea reached an all-time high in 2020, with deals soaring in the Seoul metropolitan area, data showed Tuesday. Foreigners’ transactions of housing and commercial buildings in Asia’s fourth-largest economy came to 21,048 last year, up 18.5 percent from a year earlier, according to the [...]