Is it fair for foreigners to buy land in Korea when Koreans can’t do the same in China? What kind of
학생이 쓴 원문
Based on my research, foreigners can purchase the property in China and Korea. However, it is relatively easier to do so in Korea. First, there is a difference in residency requirements. In Korea, foreign citizens do not need to be residents. On the other hand, China, the person must stay in China for at least 12 months on valid visa. Also, in some major cities, foreigners need to pay tax for certain period of time. Then there is a difference of types of properties that can be owned by foreigners. In Korea, foreigners can own any type of residential and commercial properties. Also, they can purchase as much as they want. On the contrary, foreigners can purchase only one property, and it is strictly restricted to personal usage that the flat should not be rented out. By navigating the difference, I believe government should pose the restriction on how many flat that foreigners can purchase. If not, it will be the local who suffer from the burden of lack of house.
강사 첨삭
Thanks for this as well Aciel!
Based on my research, foreigners can purchase the property in China and Korea.
>>> Based on my research, foreigners can purchase property in both China and Korea.
However, it is relatively easier to do so in Korea.
>>> correct
First, there is a difference in residency requirements.
>>> correct
In Korea, foreign citizens do not need to be residents.
>>> correct
On the other hand, China, the person must stay in China for at least 12 months on valid visa.
>>> On the other hand, in China, the person must stay in China for at least 12 months on valid visa.
Also, in some major cities, foreigners need to pay tax for a certain period of time.
>>> correct
Then there is a difference of types of properties that can be owned by foreigners.
>>> correct
In Korea, foreigners can own any type of residential and commercial properties.
>>> correct
Also, they can purchase as much as they want.
>>> correct
On the contrary, foreigners can purchase only one property, and it is strictly restricted to personal usage that the flat should not be rented out.
>>> correct
By navigating the difference, I believe government should pose the restriction on how many flat that foreigners can purchase.
>>> correct
If not, it will be the local who suffer from the burden of lack of house.
>>> If not, it will be the locals who will suffer from the burden of lack of housing.
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