Korea Smart Guide

How Foreign Investors Can Open a Korean Securities Account & Tax Rules South Korea’s stock market is one of Asia’s most dynamic and attractive for global investors. Foreign participation has been steadily growing, especially after reforms simplified registration and investment processes. This guide explains how a foreign investor can open a securities account in Korea , and the tax regulations that apply to dividends, capital gains, and reporting in 2025. 1. Market Access for Foreign Investors Until recently, foreigners needed an **Investment Registration Certificate (IRC)** issued by the Financial Supervisory Service (FSS) to trade Korean securities. However, in **December 2023**, Korea abolished the IRC system, making it much easier for overseas investors to open accounts. ([fss.or.kr](https://english.fss.or.kr)) Now, foreigners can directly open a securities account by providing key identification documents and registering with a licensed broker. 2. Required ...

Long-Term Lease vs Share House vs Officetel in Korea: Cost Comparison (Seoul & Busan) Choosing housing in Korea can be overwhelming for foreigners, students, or long-term workers. The three most popular options are long-term lease (전세/월세) , share houses , and officetels . In this guide, we compare costs in Seoul and Busan (2025) to help you decide which option fits your budget and lifestyle. 1. Housing Types Explained Long-Term Lease: Traditional option with large deposit (jeonse) or monthly rent contracts. Popular for stability. Share House: Co-living with private bedrooms and shared common areas (kitchen, lounge, bathroom). Lower initial costs. Officetel: Mixed-use building, usually one-room apartments suitable for singles or couples, often located in business districts. 2. Key Cost Factors When comparing costs across Seoul and Busan, consider: Deposit requirements (전세금 / 보증금) Monthly rent and utility bills Location (city center vs suburban ...

Foreigners’ Guide to Buying & Selling Real Estate in Korea: Acquisition, Capital Gains & Taxes South Korea has become an increasingly attractive market for foreign investors seeking residential or commercial real estate. While foreigners can buy and sell property in Korea, the process involves a detailed legal framework, acquisition taxes, capital gains obligations, and compliance steps that differ from other markets. This guide provides an updated (2025) overview of acquisition rules, transaction taxes, capital gains tax, and filing obligations for foreigners in Korea. 1. Can Foreigners Buy Property in Korea? Yes. Foreigners can legally acquire property in Korea, but must comply with reporting or permit requirements under the Act on Report of Real Estate Transactions, Foreign Investment Promotion Act, and the Foreign Exchange Transactions Act . In restricted zones (e.g. military, cultural heritage, or ecological areas), permission must be obtained before signi...