Korean Tax Blog

Buying an Apartment in Korea’s Regulated Areas: A Guide for Foreigners “I am a foreigner planning to buy an apartment in Korea for my own residence. What if the property is located in a regulated area?” Foreigners can purchase apartments in Korea, but additional procedures and restrictions may apply when the property is located in a Land Transaction Permission Zone (토지거래허가구역) or a Speculative Overheated District (투기과열지구). These two designations have different purposes and sho