Foreigners’ Real Estate Acquisition Laws in Korea

Real estate acquisition by foreigners in Korea is governed by the Act on Report on Real Estate Transactions, Etc., the Foreign Investment Promotion Act, and the Foreign Exchange Transactions Act. Regulations and restrictions on the acquisition, usage and development of real estate are applied uniformly to Koreans and foreigners alike.

Ministry of Land, Infrastructure, and Transportation

Ministry of Strategy and Finance

Ministry of Trade, Industry and Energy

Privacy Statement

 All private information handled by Global TS Assets is collected, retained and managed in accordance with these corresponding Acts.

The Personal Information Protection Act suggests general norms for the processing of the personal information. Global TS Assets shall treat the collected and retained information in compliance with the Act in a legal and appropriate manner in order to conduct public affairs properly and to protect the rights and interests of the users.

Global TS Assets respects the rights and interests of the users including the request for inspecting, correcting, deleting and suspending the personal information processing regulated by the relevant Act. The users shall file for an administrative appeal in accordance with the Administrative Appeals Act for the infringements on their rights and interests.

Global TS Assets established the following regulations for the processing of the personal information and shall disclose them to protect the personal information and rights and interests in accordance with Article 30 of the Personal Information Protection Act and smoothly handle the grievances of the users related to their personal information. 

Global TS Assets HQ

 Director: Kim Tae Sung

Hansung Band branch: 12 / 2nd floor of Samseonggyo road, Seongbuk-gu, Seoul

Phone: 1566-1022

FAX: 02-6442-3317 

Business registration number: 216-24-21760