행정사사무소Buying property in Korea as a foreigner, arranging a purchase from overseas, or reviewing a missed report? GPS VISA helps you identify the relevant administrative steps and prepare your case in English.
한국어 안내Property transaction reporting, foreign-exchange reporting and ownership registration are separate matters. Tell us where you live, how the purchase is funded and whether you have already signed or paid. We review the applicable process before agreeing on the work.
For purchases, the transaction report is generally due within 30 days of signing. A gift or exchange generally falls under the 60-day acquisition-report rule. Inheritance and other specified non-contract acquisitions generally have a six-month deadline. Check any applicable permission requirement before signing, including restrictions for the property’s location and buyer.
Nationality alone does not determine foreign-exchange residency. For non-resident foreign buyers, overseas-funded acquisitions generally go through a foreign-exchange bank; domestic funding, including certain loans or tenant deposits, may require Bank of Korea reporting. Exceptions and the actual funding route must be checked.
A property report does not transfer ownership. The registration process and its supporting documents are handled separately. GPS VISA coordinates with the relevant professionals within the agreed scope.
An existing Korean bank account or earlier experience buying property as a Korean national does not settle your current reporting obligations. Review your nationality, foreign-exchange residency and funding before proceeding with a purchase.
Foreign-exchange residency is separate from tax residency. The Bank of Korea identifies domestic business activity and six months of stay among the criteria for foreign nationals, with exceptions. Confirm your status for the transaction date.
Payment in won alone does not decide the reporting institution. Overseas money exchanged into won differs from funds raised in Korea. Prepare records that connect the source of funds to the purchase, including income or employment evidence and transfer records where relevant.
Review advance-reporting requirements before committing funds, rather than waiting for the final balance. If you already paid a deposit, tell us the payment date and funding source promptly so the institution can confirm the applicable steps. Do not assume that all payments are permitted as long as a report is filed before completion.
Document authentication depends on the document and receiving institution. Do not assume a blanket apostille exemption; overseas authorization documents may require notarization or consular issuance.
GPS VISA has experience supporting non-resident foreign property acquisition reports, reporting violations and monetary-loan filings involving the Bank of Korea and foreign-exchange banks. We assist with document preparation and the administrative response to existing reporting issues within the agreed scope.
Real estate brokerage, ownership-registration work and tax advice are performed by appropriately qualified professionals. We explain GPS VISA’s scope and any separate professional fees before engagement.
Depending on the case, the authority may request identification and residence evidence, the contract, registry information, funding records and authorization documents. Send only a brief outline at first; we will explain how to provide detailed documents.
Start by reconstructing the purchase and payment history, previous filings and the bank’s request. The next step depends on which report is missing and the competent authority. A late filing does not automatically resolve a violation or guarantee outward remittance.
Do not assume that a visa removes a reporting obligation. Nationality, foreign-exchange residency, transaction type and funding must be reviewed separately.
You can contact us from overseas. We check which tasks allow an agent and which require personal attendance or authenticated documents before confirming the service scope.
No. A local property report, a foreign-exchange filing and ownership registration serve different purposes. Completing one does not necessarily complete the others.
Send a brief description of your situation. We explain the scope and fees before starting paid work; charges for other professionals are identified separately.
Bank of Korea property acquisition reporting support
Missed property foreign-exchange reports and violation reporting
Prepared by GPS VISA · Sources checked 7 October 2026
General guidance. Requirements and permission designations can change; confirm the rules for your property and transaction date.