osungnews.com
Open in
urlscan Pro
183.111.199.158
Public Scan
Submitted URL: https://event.stibee.com/v2/click/Mjg3OTk3LzE4MzkzNDgvMTgwOC8/aHR0cDovL29zdW5nbmV3cy5jb20vYmJzL2JvYXJkLnBocD9ib190YWJsZT1...
Effective URL: http://osungnews.com/bbs/board.php?bo_table=News&wr_id=31
Submission: On November 01 via api from US — Scanned from DE
Effective URL: http://osungnews.com/bbs/board.php?bo_table=News&wr_id=31
Submission: On November 01 via api from US — Scanned from DE
Form analysis 2 forms found in the DOM
Name: fsearchbox — GET http://osungnews.com/bbs/search.php
<form class="search-form " role="search" id="hiddenSearchBox" name="fsearchbox" method="get" action="http://osungnews.com/bbs/search.php" onsubmit="return fsearchbox_submit(this);">
<input type="hidden" name="sfl" value="wr_subject||wr_content">
<input type="hidden" name="sop" value="and">
<input type="hidden" name="id" value="63"> <input class="sb-search-input" onkeyup="buttonUp();" placeholder="Enter your search term..." onblur="monkey();" type="search" value="" name="stx" id="sch_stx">
<input class="sb-search-submit" type="submit" value=""> <span class="sb-icon-search"><i class="fa fa-search"></i></span>
</form>Name: formmail — POST /osungletter/www/sendmail.php
<form name="formmail" method="POST" action="/osungletter/www/sendmail.php" onsubmit="return POPchkMail()" style="width:100%;margin:0 auto;padding:0">
<div class="input-icons">
<i class="fa fa-building df-bgcolor"></i>
<input name="companyName" class="text-field companyName" id="companyName" type="text" placeholder=" companyName" value="">
</div>
<div class="input-icons">
<i class="fa fa-user-alt df-bgcolor"></i>
<input name="name" class="text-field name" id="name" type="text" placeholder="* name" value="">
</div>
<div class="input-icons">
<i class="fas fa-phone df-bgcolor"></i>
<input name="phone" class="text-field phone" id="tel1" type="tel" pattern="\d*" placeholder=" Phone number" value="" onkeydown="return onlyNumber(event)" onkeyup="removeChar(event)">
</div>
<div class="input-icons">
<div class="m-warp1">
<i class="fas fa-envelope df-bgcolor"></i>
<input name="email2" class="mail1 email" id="emailP2" type="text" placeholder="* e-mail ID" value="">
</div>
<div class="m-warp2">@</div>
<div class="m-warp3"><input name="email3" class="mail2" id="emailP3" type="text" placeholder="* e-mail domain" value=""></div>
</div>
<div class="input-icons">
<i class="fas fa-comment-alt df-bgcolor"></i>
<input name="title" class="text-field subject" id="title" type="text" placeholder="* subject" value="">
</div>
<div class="textarea">
<textarea name="content" class="text-field autosize" id="textBox" placeholder="* Contents" rows="5"></textarea>
</div>
<div class="btn-warp row">
<button name="submit" class="button -blue center w120">SEND</button>
<div class="button -regular center w120 btn_close">Cancel</div>
</div>
</form>Text Content
News by Year
카테고리
* all
* 2023
* January
* February
* March
* April
* May
* June
* July
* August
* September
* October
* November
* December
question?
Call : +82 2-2631-1230
9F, Gangnamjeil B/D, 109, Teheran-ro, Gangnam-gu, Seoul, Republic of Korea
E-mail : shlee@osungac.com
Osung Catalog
Osung News Letter
TRUSTED ACCOUNTING EXPERTS
CUSTOMER-ORIENTED SERVICE
AS YOUR BUSINESS PARTNER, WE WILL WORK TOGETHER WITH YOU TO MAKE YOUR BUSINESS
MORE VALUABLE.
TRUSTED ACCOUNTING EXPERTS
ONE STOP TOTAL SERVICE
AS YOUR BUSINESS PARTNER, WE WILL WORK TOGETHER WITH YOU TO MAKE YOUR BUSINESS
MORE VALUABLE.
TRUSTED ACCOUNTING EXPERTS
EXPERIENCED PROFESSIONALS
AS YOUR BUSINESS PARTNER, WE WILL WORK TOGETHER WITH YOU TO MAKE YOUR BUSINESS
MORE VALUABLE.
TRUSTED ACCOUNTING EXPERTS
DIFFERENTIATED SERVICE
AS YOUR BUSINESS PARTNER, WE WILL WORK TOGETHER WITH YOU TO MAKE YOUR BUSINESS
MORE VALUABLE.
TRUSTED ACCOUNTING EXPERTS
PROVIDING TOP QUALITY SERVICE
AS YOUR BUSINESS PARTNER, WE WILL WORK TOGETHER WITH YOU TO MAKE YOUR BUSINESS
MORE VALUABLE.
Previous Next
--------------------------------------------------------------------------------
OSUNGNEWS
TITLE : FAQ ON FDI IN KOREA 2023 (Q73~Q75)
페이지 정보
작성일 2023 2023-10-31
* 목록
본문
■ FAQ on FDI in Korea 2023 (Q73~Q75)
Real Estate Acquisition
Q73 What is the procedure for a foreign investor’s acquisition of real estate in
Korea?
A73 When a foreigner acquires real estate, applicable laws andprocedures vary
depending on the purpose of acquisition, residency status, and whether the buyer
is a corporate or an individual.
* The Act on Report on Real Estate Transactions, etc. stipulates only
theprocedures for a foreigner to acquire real estate in Korea. When the
realestate acquisition is for-profit such as property rental, in addition to
theregistration of real estate acquisition by a foreigner,
foreign-investedcompany registration through foreign investment notification
under theForeign Investment Promotion Act is required. If the investor is a
nonresident under the Foreign Exchange Transactions Act, an
additionalregistration should follow for the acquisition of the real estate.
* When a foreign company sets up a branch in Korea, branch
establishmentnotification under the Foreign Exchange Transactions Act is
requiredinstead of foreign investment notification under the Foreign
InvestmentPromotion Act. After registration of a branch, purchase the real
estateunder the name of the branch.
< Foreigners’ real estate acquisition and related Acts >
Act on Report on Real Estate Transactions, etc. Foreign Exchange Transactions
Act (Real estate) Foreign Investment Promotion Act Acquirer
* Foreigner
* Foreign nationals
* Foreign corporations
* Corporations or organizations whose employees and executives with foreign
nationality account for 50% or more of theorganization
* Corporations or organizations with 50% or more shares or voting rights held
by foreigners
(※ Excluding permanent residence card holders)
* Non-residents
※ Excluding permanent residence card holders
* Foreigner
* Foreign nationals
* Foreign corporations
※ Including permanent residence card holders
Subject Acquisition of real estate Acquisition of rights to land, building and
real estate Registration of a foreign-invested company Reporting authority and
timing
* Land registration department of the city, provincial, and district offices
having jurisdiction over the real estate
* Within 30 days of the date the contract is signed
※ Within 60 days for the acquisition under Article 8 (1), within 6 months under
Article 2
* Foreign exchange bank’s HQ/branches
* The Bank of Korea (in case of domestically generated funds)
* Upon withdrawal of fund for real estate purchase
* Foreign exchange bank’s HQ/branches, KOTRA
* Before the investment fund is transferred to Korea
Contents Procedures forforeigners to acquirereal estate in Korea Matters related
to the inflow and outflow of foreign currencies forreal estate purchase in Korea
by foreigners Foreign investment notification procedure, tax reduction &
exemptions, and benefits on state property sales when a foreign-invested company
acquires real estate in Korea
Q74 As a foreigner intending to purchase land in Korea, what should I be most
cautious of when signing the contract?
A74 Where parties to a transaction, including a foreigner, etc.*,enter into ① a
real estate sales contract or ② a contract for supply of real estate under the
Housing Site Development Promotion Act or the Housing Act, the y are required to
notify the relevant authority within 30 days of the date of signing the
contract. (Article 3 (1) of the Act on Report on Real EstateTransactions, etc.
If the real estate acquisition is pursuant to Article 8 (1), notification should
be filed within 60 days. If the acquisition is pursuant to Article 8 (2) of the
same Act or Article 5 (2) of the Enforcement Decree of the Act, notification
should be made within six months.)
* It is necessary to check in advance whether the land is acquirable only by
reporting or is subject to prior permission for transaction. If a foreigner
enters into a purchase contract without the transaction permission for the
property subject to prior approval, the contract shall be nullified, and
imprisonment or a fine sentence may be imposed, making it challenging to
acquire the real estate.
* Land requiring permission for transaction by foreigners (Article 9 of the Act
on Report on Real Estate Transactions, etc.)
1. Military bases and installation protection zones defined in subparagraph6
of Article 2 of the Protection of Military Bases and Installations Act,and
such other areas as may be especially necessary to limit landacquisition
by a foreigner, etc. for the purposes of national defense
2. Designated cultural heritage defined in Article 2 (3) of the Cultural
HeritageProtection Act, and protective facilities or protection zones
therefor
3. Ecological and scenery conservation areas set in subparagraph 12 ofArticle
2 of the Natural Environment Conservation Act
4. Special districts for protection of wildlife under Article 27 of
theWildlife Protection and Management Act
* Penalty provision: A foreigner, etc. who enters into any land acquisition
contract without obtaining permission or after obtaining permission by
illegal means shall be subject to imprisonment with labor for not more than
two years or by a fine not exceeding KRW 20 million.
* The term "foreigner, etc." means any of the following individuals,
corporations, or organizations:
1. An individual who is not a national of the Republic of Korea
2. A corporation or organization incorporated under the statutes of aforeign
State
3. A corporation or organization at least a half of whose employees ormembers
fall under item (1)
4. A corporation or organization at least a half of whose executiveofficers,
such as managing general partners or directors, fall underitem (1)
5. A corporation or organization in which persons falling under item (1)or
corporations or organizations falling under item (2), hold at leasta half of
its capital or a half of the voting rights
6. A foreign State
7. An international organization prescribed by Presidential Decre
Q75 . If a foreigner signs a contract to acquire real estate in Korea, must
he/she report it?
A75 Yes.
* Parties to a transaction including a foreigner, etc., entering into a
contractto acquire real estate in Korea shall report to the relevant
report-receivingauthority within 30 days from the transaction contract date.
(Article 3 (1)of the Act on Report on Real Estate Transactions, etc.)
* However, when a foreigner, etc. enters into a contract on acquisition ofany
real estate under Article 8 (1) of the Act on Report on Real
EstateTransactions, etc., he/she shall file a report thereon with the
reportreceiving authority within 60 days from the acquisition date of the
realestate. If the real estate acquisition is by means of inheritance,
auction,or any cause other than contracts under Article 2 of the Act on
Report onReal Estate Transactions or Article 5 (2) of the Enforcement Decree
ofthe Act on Report on Real Estate Transactions, the report shall be madeto
the report-receiving authority within six months.
* If a national of the Republic of Korea who possesses any real estatewithin
the territory of the Republic of Korea or a corporation ororganization
incorporated under the statutes of the Republic of Koreabecomes a foreigner,
etc., and if the relevant foreigner, etc. intends topossess the relevant real
estate, etc. continuously, the foreigner, etc.shall file a report thereon
with the report-receiving authority within sixmonths from the date of change
to a foreigner, etc. as prescribed byPresidential Decree.
* Penalty for failure to report acquisition
1. A person who fails to report the real estate transaction under acontract
shall be punished by an administrative fine not exceedingKRW 5 million,
and a person who files a false report by anadministrative penalty not
exceeding 5% of the acquisition value of therelevant real estate, etc.
(Article 28 (2), 28 (3) of the Act on Report onReal Estate Transactions)
2. A person (foreigner, etc.) who fails to file a report under Article 8(1)or
files a false report shall be punished by an administrative fine
notexceeding KRW 3 million (Article 28 (4) of the Act on Report on
RealEstate Transactions).
3. A person (foreigner, etc.) who fails to report a real estate acquisitionby
means of inheritance, auction, or any cause other than contractsor files a
false report shall be punished by an administrative fine notexceeding KRW
1 million (Article 28 (5) of the Act on Report on RealEstate
Transactions).
4. A person (foreigner, etc.) who fails to file a report on
continuouspossession of land or files a false report shall be punished by
anadministrative fine not exceeding KRW 1 million (Article 28 (5) of
theAct on Report on Real Estate Transactions).
페이지 정보
* 목록
--------------------------------------------------------------------------------
ABOUT US
WE ARE MARKET LEADERS
We are a market leader in helping both local and foreign companies to
successfully expand their business globally, by providing a full suite of
multi-lingual commercial representation and back-office services
VISION & MISSION
Our clients are always a top priority at OSUNG CONSULTING and each one receives
carefully considered advice about how to achieve optimum results for their
company.
WWW.OSUNGAC.COM
ABOUT US
OUR SERVICE
INVESTMENT GUIDE
BUSINESS IN KOREA
CONTACT INFO
Address
9F, Gangnamjeil B/D, 109, Teheran-ro, Gangnam-gu, Seoul, Republic of Korea
Email : shlee@osungac.com
Phone : +82-70-7816-0561
Fax : +82-2-2631-2230
question?
© Copyright 2020 All Rights Reserved. Designed by osungac.com
© Copyright 2020 All Rights Reserved. Designed by osungac.com
* 로
QUESTION?
Please fill out your detailed inquiry and correct email information and we will
respond as soon as possible.
@
SEND
Cancel