What is housing like in South Korea?

There are three major types of housing in Korea: high-rise apartments, detached houses, and row houses. Apartments are the most common form of housing in South Korea. These apartments are often high-rise residential buildings consisting of five to mostly 20 stories.

Why is housing so expensive in South Korea?

The current government, which came to power in 2017, felt responsible for the soaring real estate prices in Seoul and tried to curb them. In addition, the rising housing prices naturally raised rents, adding to the burden on the working class.

What is a K Trust Korea?

An investment trust (K-Trust) is the most commonly used: A K-Trust is formed under a trust agreement between an AMC and a trustee, typically a commercial bank licensed in South Korea. The trustee acts as the legal and nominal owner of the K-Trust’s assets.

Why apartment is popular in Korea?

The country is sometimes nicknamed “The republic of apartments.” For decades, Koreans have become familiar with living in apartment complexes due to their convenience as a type of general housing that has been around since industrialization.

How long can you live in Korea without a visa?

90 days
A U.S citizen with a valid passport can visit the Republic of Korea without a visa for 90 days for the purpose of tourism or visitation.

Can foreigners own land in Korea?

Can foreigners buy property in Korea? Korea is one of a few Asian countries where you can buy residential and commercial property without restrictions as a foreigner. You are treated on a similar level as locals, something that’s rare for Asian countries.

How do Koreans stay long term?

If you plan to stay in South Korea for longer than ninety days, you will need to apply for a long-term visa. You should apply one to two months in advance of your departure to allow for processing time. You can obtain a visa application from your local consulate.