As foreign investment is concluded continuously within the Gyeonggi Province, the estate owned by foreigners and foreign corporations has suddenly increased. 
According to the provincial government on Mar. 5, total land area owned by foreigners by the end of last year was 366,000 m2 (614 cases), which has increased largely from the year before with 354,000 m2 (564 cases) and from year 2001 with 349,000 m2 (492 cases).
In addition, property owned by foreign corporations has increased from 2,971,000 m2 in 2001, 3,052,000 m2 in 2002 and 3,161,000 m2 last year. 
As so, reasons why land owned by foreigners is increasing each year is because the investment of foreign corporations from the U.S., Japan, China and other countries are on full scale around development-promotion districts within the province. 
Some foreigners are also seen to pick out speculative land to increase their estates. 
To back this, factory sites owned by foreigners by the end of last year was 4,883,000 m2 (301 cases), which has increased 560,000 m2 from last 2001 of 4,329,000 m2 (267 cases). Industrial sites has also been reported to increase from last 2001 of 1,150,000 m2 to 1,326,000 m2 up to now. 
An provincial official remarked, “As foreign capital is continuously flowing in property owned by foreigners is expanding. This tendency is expected to continue by new foreign investment inducement activities has determined to put in action.” 

Source: Gyeonggi Ilbo, March 5, 2004