A foreign national can acquire and own land in Korea just as a Korean national without any restrictions, even when not residing in Korea.
– Regulations regarding land ownership and its use and development are applied to
foreign nationals under the same conditions as for Koreans.
However, exceptions exist for areas under protection for military use, cultural property protection zones as well as ecosystem preservation districts, for which prior permission is required. (Article 4 of the Foreigner?s Land Acquisition Act)
– In this case, the authorities shall grant permission, if land acquisition located in the
districts and regions subject to prior permission does not obstruct the defined purpose
of the said land.
districts and regions subject to prior permission does not obstruct the defined purpose
of the said land.
It is possible to get details about restrictions on a particular piece of land when getting a “confirmation of land use plan” from the competent office in the city, county or district.
