260,747,000㎡ of land owned by foreigners in 2022, 0.26% of the total land area – Press release | briefing room | news

The Ministry of Land, Infrastructure and Transport (Minister Won Hee-ryong) said from the first half of 2022, the domestic land area owned by foreigners increased by 0.5% (1,338,000 ㎡) from the end of 2021 to 260,747,000 ㎡, which was 0.26% of the total land area (100,431,849,000 ㎡).

The official land price of the land owned by foreigners was KRW 32,455 billion, an increase of 1.2% compared to the end of 2021.

The foreign-owned area in Korea showed a high rate of increase between 2014 and 2015, but after the rate of increase slowed down from 2016, it has maintained a moderate increase* until now.

* (Land area increase rate compared to the previous year) (’15) 9.6% → (’16) 2.3% → (’17) 2.3% → (’18) 1.0% → (’19) 3.0% → ( ’20 ) 1.9% → (’21) 2.4% → (’22.up) 0.5%

(By nationality) The United States occupies 53.1% (138,360,000 ㎡) of the total area owned by foreigners, an increase of 0.3% (456,000 ㎡) compared to the end of 2021, followed by 7.9% (20,596,000 ㎡) and China. in Europe % (18,891 thousand ㎡), Japan was found to hold 6.4% (16,789 thousand ㎡).

(By region) Gyeonggi occupied 18.5% (48,228,000 ㎡) of the total area owned by foreigners nationwide, followed by 14.9% (38,964,000 ㎡) in Jeonnam and 13.9% (36,348,000 ㎡) in Gyeonam.

(By use) Regarding the use of land owned by foreigners, 67.1% (174,862,000 ㎡) of other land, such as forests and farmland, accounted for the most, followed by 22.6% (59,034,000 ㎡) of factory land, 4.5% (11,781 thousand ㎡) of recreational land, and residential land. Confirmed as 4.2% (10,917,000㎡).

(By subject) As a result of the analysis of foreigners who own land by subject, Koreans of foreign nationality accounted for the largest share, which was 55.7% (145,155 thousand ㎡), and foreign corporations as joint ventures were accounting for 34.6% (90,114 thousand ㎡) . , 9.5% (24,928,000㎡) of pure foreigners, 0.2% (550,000㎡) of the government / group, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.