기사한줄요약
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The government has decided to
significantly strengthen management to prevent foreigners from engaging in
expedient or illegal real estate rental business in Korea.
The Ministry of Land, Infrastructure and
Transport announced on October 24 that the amendment to the “Enforcement Rules
of the Special Act on Private Rental Housing” would be announced by December 1.
Currently, there is no procedure to check
the status of residence when a foreigner registers as a housing rental
business, but the amendment requires that the alien registration number and
nationality, as well as the status and period of stay, should be written in the
report submitted at the time of registration. A certificate of alien
registration to prove this must also be submitted.
The Ministry of Land, Infrastructure and
Transport said, “Even if a foreigner enters the country with a trade management
visa, etc. and engages in a real estate rental business using expedient
methods, it is difficult to manage it now”, it explained.
In fact, in June, a 60-year-old man from
Southwest Asia, A (60), was caught by the Immigration Special Investigation
Unit of the Seoul Immigration Office and sent to the prosecution on charges of
real estate speculation after entering Korea on a trade management (D-9) visa.
A was investigated for violating the
Immigration Control Act by engaging in activities outside the scope of the visa
permit, such as purchasing 7 real estate properties such as villa and
officetels in the metropolitan area and renting them for undue profits.
In May, a month earlier, two foreign
women, including A (23), who came to Korea with a study abroad (D-2) visa,
bought a villa in the metropolitan area with 'gap investment' (investment to
buy with rent). She was sent on charges of earning unfair profits by renting to
foreign students.
Foreigners with a student visa cannot
engage in profit-making activities in this way.
According to the government audit data of
the Ministry of Land, Infrastructure and Transport, as of June last year, a
total of 2,394 foreign rental business operators were registered in Korea.
By nationality, 885 people were Chinese,
accounting for 37.0% of the total, followed by Americans with 702 (29.3%),
Canadians with 269 (11.2%), Taiwanese with 179 (7.5%), and Australians with 84
(3.5%) in order.
A total of 6,650 rental houses were
registered by foreign rental business operators, and an average of 2.8 houses
per person were registered and operated as rental housing.
According to the Korea Real Estate Agency, the number of buildings (including single, multi-family, apartment, and commercial officetel) traded by foreigners in Korea in 2020 was 21,48, an increase of 18.5% from the previous year, a record high.
Reporter Song Haseong
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