Foreign homeownership in Korea surges 30% over 3 years, approaching 100,000 mark
Foreign nationals owned nearly 100,000 homes in multiunit housing, or "gongdong jutaek" — a category spanning high-rise apartments to low-rise "dasedae" multifamily homes — in Korea last year, with ownership rising roughly 30 percent over three years and Vietnamese holdings more than doubling, according to government data submitted to a lawmaker. The data from the Ministry of Land, Infrastructure…
Foreign nationals owned nearly 100,000 homes in Korea last year, marking a 30.3 percent increase in multiunit residential properties over three years, according to government data. Vietnamese nationals saw the fastest growth, with their holdings surging 112 percent from 842 to 1,786 properties. Chinese nationals accounted for the bulk of the growth, with their holdings climbing 37.2 percent from 43,058 to 59,082 units. American nationals remained the second-largest foreign group.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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