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South Korea Country Report
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Korea property boom fizzles out as investors balk at tax change plan

Residential blocks and houses are seen from the observation deck of the Lotte World Tower in Seoul, South Korea. Last year, Hong Kong investors bought US$203 million worth of real estate in the country. Photo: Bloomberg
  • Foreign and local investment declined 31 per cent to US$4.44 billion in the first quarter from a year earlier
  • Real estate funds and private real estate investment trusts, which enjoyed lower levels of tax, will have to pay the same tax rates as regular companies

Void left by Chinese in offshore property draws in Koreans

South Korea’s National Pension Service, the third largest pension fund in the world, has investments in real estate in US cities such as New York, Los Angeles (pictured) and Houston. Photo: AFP

Strict capital controls and Beijing’s belt and road push have led to a dramatic fall in Chinese investment in overseas real estate

Ties strengthen in view of deal

Packages arrive from China at Incheon International Airport. Trade and investment between the two nations have grown. Photo: Bloomberg
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Cho Yong-chun, Consul General of the Republic of Korea in Hong Kong
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Easy escape to beaches

Gwangalli Beach in Busan is popular with the younger crowd. Photo: OTHK
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Gallery director says art can help city emulate creative Koreans

Images of animals are prevalent in Hur Jin's work at Moon Gallery.
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YU envisions being 'university of the world'

Dr Noh Seok-kyun, president
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Smart glass from g-smatt revolutionises city landscapes

Dr Lee Ho-joon, CEO
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KAC sets global standards for airport operations

Kim Seok-ki, president and CEO
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KIS innovations to elevate region's international K-12 education

Dr Min Sunshik, chairman of the KIS board and CEO of YBM
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Dong-A Socio Group pushes international cooperation in pharmaceutical industry

Lee Dong-hoon, executive vice-president and CEO
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IFEZ emerges as preferred international investment hub

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Daelim exercises global top-tier EPC capability

Lee Chul-kyoon, president and CEO
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KHNP lays cornerstones for international energy leadership

Seok Cho, president and CEO
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KECC rises as global engineering company

Lee Kang-rog, president
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Entertainment front-runner iHQ eyes worldwide media partnerships

Jeon Yong-ju, president and CEO
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3D-range cameras and panel grinders smoothen meerecompany's lead

(From left): Kim Joon-koo, vice-president for strategic planning, and Kim Joon-hong, CEO
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Kyungnam University promotes regional harmony through strategic partnerships

Dr Park Jae-kyu, president
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Q-Sys ushers in future of display market

Hong Jin-who, CEO and full-time professor at Chosun University
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Cutting-edge surface treatments bolster Dongwoo's global foothold

Dongwoo HST's head office in Gyeonggi-do, near Seoul
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SUNG IL fortifies piping systems in Asia

Woo Yang-ho, chairman
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Riding a strong tailwind for clean energy

Kim Sung-sup, president and CEO
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Kunhwa's commitment to engineering excellence improves lives of communities

Hwang Kwang-ung, chairman and CEO
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Enzychem spearheads breakthroughs in global oncology and immune health

Sohn Ki-young, CEO and chairman
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Kyungchang Industry links defence markets with upgraded gear

No Tae-jong, CEO
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CHA Health Systems advances new era of hospitals

CHA Bio Complex is the hub for biotechnology and clinical research, the first of its kind in South Korea.
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Global Tyche ready to expand export markets

Rogers Ji, managing director
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KOYJ at forefront of growth in the visual display industry

Jo Jai-hyoung, president and CEO
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CPS brings homegrown cable chain ingenuity globally

Kim Kyung-min, CEO
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Incheon Port rises as pivotal trade, tourism hub

Yoo Chang-keun, president
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Hansol makes enduring mark on global papermaking map

Lee Sang-hun, CEO and president
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STIC links investment opportunities in Asia and drives IT growth

Kwak Dong-guel, chief investment officer and executive managing partner
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