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Foreign-buyer Property — Jeonse, Wolse, and the Foreigner's Land Acquisition Act
Document Checklist
등기부등본 (Deunggi-bu Deungbon)
Real Estate Registry Certified Copy
Issuer: Property Registration Office (등기소 Deunggi-so) or Internet Registry Office portal iros.go.kr
Cost: approximately ₩700 per copy via iros.go.kr
Why: Confirms ownership matches the contract signer and discloses mortgages, liens, and seizure records
Korean-language document. The registry must be re-pulled on the day of final payment, not just at contract signing — additional liens can be filed in the interim.
건축물대장 (Geonchukmul-daejang) / 토지대장 (Toji-daejang)
Building Register and Land Cadastre Certificate
Issuer: Local Si/Gun/Gu office
When: Before contract signing on a purchase
Confirms legal building status, registered floor area, and zoning classification.
Passport
Required for: All transaction reports, lease registrations, and HUG guarantee applications
외국인등록증 (Oegug-in Deungrok-jeung)
Alien Registration Card
Required for: Move-in registration and fixed-date stamp; HUG Jeonse Deposit Return Guarantee applications
Short-stay foreigners without an ARC cannot anchor tenant protections under the Housing Lease Protection Act and are limited to short-term wolse or serviced-apartment arrangements.
Foreign Exchange Transaction Confirmation
Issuer: Designated Korean foreign-exchange bank
Trigger: Required when remitting more than USD 50,000 from overseas to fund the purchase
The confirmation is required at later property registration and again when repatriating sale proceeds. A missing or invalid confirmation can freeze outward remittance.
주택취득자금 조달계획서 (Juteak-chwideuk-jageum Joda-gyehoek-seo)
Housing Acquisition Funding Plan
Required for: Purchases in regulated areas including all Land Transaction Permission Zones
Disclosure: Capital source detail, including overseas bank deposits, foreign loans, offshore-institution holdings, and stock/bond or cryptocurrency sale proceeds applied to the purchase
Disclosure scope has been expanded under the current enforcement-rules amendment to include detailed funding-source breakdown.
Two-year Owner-Occupancy Commitment Statement
Required for: Land Transaction Permission Zone purchases (Seoul, Gyeonggi, Incheon designated districts)
Commitment: Move-in within 4 months of registration; maintain physical residency for at least 2 years; rental prohibited
Signed Lease Contract
Must show: Landlord and tenant signatures, full property address, deposit amount, lease term, monthly rent if wolse, payment schedule
Default lease term under *주택임대차보호법* (Jutaek-imdaecha-boho-beop — Housing Lease Protection Act) Article 4 is 2 years; a shorter-term contract is statutorily extended to 2 years unless the tenant elects to enforce the shorter term.
Bank Wire Records
Required for: Lease deposit transfer and HUG guarantee application
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