Korea’s residential and commercial property markets have seen much investment recently. Locals have started to complain about rising prices and the government imposes higher taxes to cool down the market.
Cities like Seoul attracts many investors thanks to preferable ownership regulations, having a strong economy, and a bright future outlook.
We see large foreign corporations such as WeWork and Marriott expanding quickly in Korea, trying to grasp market shares.
Yet, before you invest in commercial property here, you must get your feet wet and learn about the market and local regulations first.
In this article, we review the following:
- Can foreigners buy commercial property in Korea?
- Buying Property through Companies and Trusts
- Korea’s Commercial Property Market
- Office Space
- Retail Property
- Industrial Real Estate and Warehouses
- Car Parks
- Best Cities to Buy Commercial Property in Korea
- Commercial Property Taxes
Can foreigners buy commercial property in Korea?
Foreigners don’t have any particular issues to buy residential or commercial property in Korea. With that said, there are three laws you need to comply with: