Busan is good

Land Acquisition Contract

Land Acquisition Filing

• Filing Period: 60 days after the conclusion of a contract (payment in full)
• Government Filing Office: City/county/ward office (autonomous entity) responsible for the land site
• Requirements: Land acquisition contract, a copy of the land registration document (under the name of the transferor)
• Processing Period: Immediately

Registration for the Passage of Title

• Filing Period: 60 days after the conclusion of a contract (payment in full)
• Government Filing Office: Registry office responsible for the land site
• Requirements :
  • Certificate of alien registration (individual) or a copy of the corporate registration (corporation)
  • *For a resident alien, the alien registration number and address on the alien registration document or a copy of the corporation registration may be replaced by the registration number of the real estate register and a certification of one's address necessary for the registration of real estate.
  • A registration form, a registration document (contract, etc.), a registration certificate, a copy of the land register
  • A letter of attorney signed by the mandator is necessary to empower an attorney-in-fact
    Processing Period : Immediately

Requirements Before Entry

• Individual: Copy of citizenship document, a certificate of residence issued by a government or public office from one's homeland (country of one's acquired nationality) or a certificate of one's address notarized by a notary's office from one's homeland
• Corporation: Documents to verify corporation status (issued by one's homeland, address attached) or a certificate of one's address notarized by a notary's office from one's homeland

Land Acquisition Contract

Land Acquisition Filing

• Filing Period: 60 days after the conclusion of a contract (payment in full)
• Government Office for Filing: Cadastral division, city; county; ward office (autonomous entity) responsible for the land site
• Requirements: Land acquisition contract, a copy of the land registration document (under the name of the transferor)
• Processing Period : Immediately

Land Acquisition Filing of the Registration Number from the Real Estate Register

• Requirements :
  • Individual - Passport or copy of citizenship document, certificate of land acquisition filing
  • Corporation - Contact the Ministry of Government Administration and Home Affairs for inquiries regarding requirements
• For Mandate: Attach a letter of attorney issued by a notary's office from one's homeland (for a foreigner) or issued by a consulate in the country of residence (for a Korean resident abroad)
• Location to submit application :
  • Individual - Busan Immigration Office : 22-1 Chungjang-daero, Jung-gu, Busan
  • Corporation - City; county; ward office in charge of the land site
• Processing Period : Immediately

Registration for the Transfer of Title

• Filing Period: 60 days after the conclusion of a contract (payment in full)
• Government Filing Office: Registry office responsible for the land site
• Requirements :
  • Registration number of the land register, certificate of address
  • Registration form, a registration document (contract, etc.), a registration certificate, a copy of the land register document
  • A letter of attorney signed by the mandator is necessary to empower an attorney-in-fact
    Processing Period : Immediately

Title Transfer Registration

Title Transfer Registration
Foreigners must present the following documents for the disposition of real estate in addition to the requirements for the registration of real estate. Japan: A certificate of seal-impression Other Countries : A certificate of signature and seal substituting for a certificate of seal-impression *A certificate of signature and seal must be notarized by a government/public office or notary's office from one's homeland, or it must be verified by a diplomatic and consular office of one's homeland in Korea
For Korean residents abroad, a local district (dong) office of one's final address or one's place of registration issues a certificate of seal-impression The principal can immediately obtain a seal-impression certificate issued by a local district office. The agent must present a letter of attorney issued by the consulate of one's country of residence *A Korean resident abroad holding a valid resident registration status can submit a seal-impression certificate like that of Koreans living domestically.