Tag: land

land

Latest News

High-rise apartment complexes are seen in Seoul on Aug. 23.

Foreign property buying is on the rise — along with red flags

Reported suspected violations in foreign real estate deals more than doubled in Seoul last year, led by high-value purchases.

2026.9.17

Almost 40% of Koreans owned land in 2025: Data

About 20.12 million people, or 39.4 percent of the country's registered population, owned land as of the end of 2025, but the area of land owned dropped 0.3 percent from the previous year.

2026.7.29

Lotte Group to acquire site of Lotte New York Palace hotel for $490 million

Lotte Group will acquire the site of the hotel Lotte New York Palace in Manhattan for $490 million as part of broader efforts to secure long-term operational stability for the hotel and strengthen its global brand value.

2025.12.15

An aerial view of the Seoripul area in Sinwon-dong, Seocho District, southern Seoul, is pictured on Nov. 17, 2024. [YONHAP]

1 in 5 households own 91% of private land, data shows

A mere fifth of households in Korea lay claim to more than 91 percent of the country’s private land, highlighting a persistent imbalance in land ownership. Meanwhile, the bottom 50 percent of households hold just 0.8 percent.

2025.7.11

The presidential office in Yongsan District, central Seoul [KIM HYUN-DONG]

Foreign Ministry confirms it helped China purchase land in sensitive area in central Seoul

Korea’s Foreign Ministry confirmed Thursday that it provided administrative support when the Chinese government purchased land in Seoul’s Itaewon district in December 2018.

2025.5.15

Regions released or eased from military facility protection zones, as announced by the Defense Ministry on Wednesday. [MINISTRY OF NATIONAL DEFENSE]

Defense Ministry flags 3.16 square kilometers of protected land for release

The Ministry of National Defense said Wednesday it will lift or ease military facility protection zone designations on a total of 3.16 million square meters of land (1.22 square miles) in Korea.

2025.3.26

A view of apartment complexes seen in Jamsil in southern Seoul [YONHAP]

Foreigners embroiled in suspicious land deals

The Korean government detected over 400 suspicious land transactions made by foreigners between 2017 and 2022, with more than half of the cases linked with Chinese nationals.

2023.7.3

An apartment complex in Songpa District, western Seoul, on Nov. 28, 2022. [NEWS1]

Foreign ownership of Korean land rises 1.2% in first half

Foreign ownership of 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.

2022.12.1

New land minister vows supply of over 2.5 mln new homes to stabilize housing market

New Land Minister Won Hee-ryong vowed Monday to announce soon a detailed road map for providing more than 2.5 million new homes with a focus on increasing supplies in metropolitan areas to stabilize the housing market.

2022.5.16

Land scammers trick 3,000, haul in W250 billion

Over 3,000 people fell victim to a multi-billion-won real estate fraud, according to police. The Suseo Police Precinct said last week they arrested four individuals from a real estate agency who allegedly walked away with 250 billion won...

2021.10.31

Tag: land

land

Latest News

Foreign property buying is on the rise — along with red flags

Almost 40% of Koreans owned land in 2025: Data

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