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Land Acquisition Contract

Land Acquisition Filing

• Filing Period: 60 days after the conclusion (payment in full) of a contract
• Government Office for Filing : City/County/Ward Offices (Autonomies) at the land site
• Requirements : A land acquisition contract, a transcript of the Land Register (under the name of a transferor)
• Processing Period : Immediately

Registration for the Passage of Title

• Filing Period : 60 days after the conclusion (payment in full) of a contract
• Government Office for Filing : Registry office concerned at the land site
• Requirements :
  • A certificate of the Alien Registration (individual) or a transcript of the Corporation Register (Corporation)
  • * For a resident alien, Alien Registration number and address in a certificate of the Alien Registration or a transcript of the Corporation Register may be replaced by a 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 certificate of registration cause (contract, etc.), a Registration Certificate, a transcript 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 : A copy of citizenship, a certificate of residence issued by government and public offices of one's home land (country of one's nationality acquisition) or a certificate of one's address notarized by a notary's office of one's home land
• Corporation : Documents to certify a corporation (issued by one's home land, address is attached) or a certificate of one's address notarized by a notary's office of one's home land

Land Acquisition Contract

Land Acquisition Filing

• Filing Period : 60 days after the conclusion (payment in full) of a contract
• Government Office for Filing : Cadastral Division, City;County; Ward Offices (Autonomies) at the land site
• Requirements : A land acquisition contract, a transcript of the Land Register (under the name of a transferor)
• Processing Period : Immediately

Land Acquisition FilingIssue of Registration Number of the Real Estate Register

• Requirements :
  • Individual - Passport or a copy of citizenship, a certificate of land acquisition filing
  • Corporation - Contact the Ministry of Government Administration and Home Affairs for the inquiry of requirements
• For mandate : Attach a letter of attorney issued by a notary's office of one's home land (for a foreigner) or issued by a consulate in the country of residence (for a Korean resident abroad)
• Place for Application :
  • lndividual - Busan Immigration Office : 4ga, 20, Jungang-dong, Jung-gu, 463-7161~65
  • Corporation - City;County;Ward Offices at the land site
• Processing Period : Immediately

Registration for the Transfer of Title

• Filing Period: 60 days after the conclusion (payment in full) of a contract
• Government Office for Filing: Registry office concerned at the land site
• Requirements :
  • A registration number of the Land Register, a certificate of address
  • A Registration Form, a certificate of registration cause (contract, etc.), a Registration Certificate, a transcript of the Land Register
  • A letter of attorney signed by the mandator is necessary to empower an attorney in fact
    Processing Period : Immediately

Registration for the Transfer of Title

Registration for the Transfer of Title
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 government and public offices or notary's offices of one's home land, or it must be verified by diplomatic and consular offices of one's home land in Korea
For Korean residents abroad, a town-block ( tong ) office at one's final address or one's place of register issues a certificate of seal-impression The principal can immediately obtain a certificate of seal-impression issued by a town-block office. The agent must present a letter of attorney issued by the consulate of one's residence * The Korean resident abroad holding a valid Resident Registration can take a certificate of seal-impression like Koreans