Buy Land in South Korea: Plots, Farmland and Development Sites

Our country-wide median asking price is €2,861,345, with a middle range of €1,197,772 to €6,181,835, and a median of €5,710 per m². Those numbers blend all property types, so they overstate what typical rural land costs and understate prime urban plots. Compare each parcel on price per m² against recent nearby land values, which Korean authorities publish as official land prices (gongsi jiga).

Korean land is classified by use, and the class determines what you may build. Ask for the land-use plan confirmation (toji iyong gyehoek hwagin-seo) for any plot. Key points:

• Farmland. Agricultural land generally requires a farmland acquisition certificate and an intention to farm, so foreigners should expect real obstacles.
• Forest and conservation zones. Development restrictions are strict; a cheap price often signals a plot that cannot be built on.
• Road access. A parcel without legal road frontage can be unbuildable.
• Foreigner permits. Permission is needed in designated military, cultural-heritage and ecological zones. Reporting is required in other areas within 60 days of contract.