87 times bigger than the land of Yeouido owned by foreigners … 2.6% of Chinese ownership in 6 months ↑

Admission 2020.12.04 06:00

Domestic land owned by foreigners is 87 times the area of ​​Yeouido. That’s 0.25% of the whole country. On the island of Jeju, the percentage of land owned by foreigners reached 8.7%.

The Ministry of Land, Infrastructure and Transport announced on June 4 that the total area of ​​land owned by foreigners in Korea was 251.6 km2 at the end of June this year. This is an increase of 1.2% (2.94 million square meters) compared to the end of last year, or 0.25% of the total area of ​​103.64 square kilometers.

It is 87 times the area of ​​Yeouido (2.9㎢) and corresponds to 3.5944 football fields (7000㎡). Domestic landholdings of foreigners showed high rates of increase of 6.0% and 9.6% from 2014 to 2015, but since 2016 they have increased rates from 1 to 3%.

Based on the publicly announced land price, it was 31.2145 billion won, an increase of 1.4% from the end of last year.

By nationality, American land owned 52.3%, accounting for more than half. In terms of surface, it is 131.6 km2, an increase of 1.4% compared to the previous year. China 19.8 km2 (7.8%) ranked second, followed by Japan 18.3 km2 (7.3%) and Europe 18.1 km2 (7.2%). In terms of amount, the ranking has changed slightly. The United States accounted for 41.9% with 13.837 billion won, followed by Europe 5.222.2 billion (16.7%), China 2.7085 billion (8.7%) and Japan 2.554.9 billion (8, 2%).

In terms of amount, the United States accounted for 41.9% of the total, accounting for approximately 13.837 billion won. This was followed by Europe (16.7%), China (8.7%) and Japan (8.2%).

However, compared to the end of last year, the foreign nationality whose area increased the most was Chinese. The Chinese own 19.8 km2 of land, an increase of 0.5 km2 (2.6%) compared to the end of last year. On the other hand, Japanese land ownership decreased by 0.2 ㎢ (1.3%).

By region, out of a total of 248.7㎢, Gyeonggi-do accounted for 45.1㎢, equal to 17.9%. Subsequently, the property area was large in the order of 38.7㎢ (15.4%) in Jeonnam, 36.4㎢ (14.5%) in Gyeongbuk, 22.5㎢ (9.0%) in Gangwon and 21.9㎢ (8.7%) in Jeju. Total foreign land holdings in Jeju, where intensive land purchases were made by the Chinese, was 21.91 km2, an increase of 0.37% (0.08 km2) compared to 21.83 km2 in the country. last year. It is equivalent to 1.2% of the total area of ​​Jeju (1849㎢).

An official from the Ministry of Land, Infrastructure and Transportation explained: “The main reason for the increase in land owned by foreigners was mainly due to donations, inheritance and the continued possession of US and Canadian foreigners.” .