Foreign property ownership in Korea unfair

Foreign property ownership in Korea unfair

The sharp rise in real estate purchases by foreign nationals — especially in high-demand areas like Seoul’s Gangnam District — has reignited a debate over fairness, regulatory loopholes and market stability. While foreign ownership remains a small portion of the overall real estate market, its rapid growth, concentration in urban centers and lack of oversight demand urgent policy action. As of the end of 2024, over 100,000 homes in Korea were ow…