Most foreign-owned land in South Korea held by US citizens, houses by Chinese

Apartment complexes, houses and office buildings in Seoul are seen from Inwangsan on Tuesday (Nov 26). - Photo: Yonhap

SEOUL: The amount of property and land owned by foreigners in Korea has inched up this year, with Chinese nationals owning the majority of homes, but Americans owned the majority of land.

The Ministry of Land, Infrastructure and Transport released Friday (Nov 29) a report on foreign-owned real estate, which showed that approximately 93,000 foreign nationals owned 95,058 homes in Korea as of the end of June, accounting for 0.49 percent of the total housing stock.