Property Law on ExcellentWiki - Legal Encyclopedia

Property Law in South Korea

Tue, 07 Jul 2026 00:00:00 +0000

Introduction

South Korean property law is codified in Part II (Real Rights, Articles 185–372) of the Civil Code (민법). The law adopts the numerus clausus principle — only the real rights specified in the Code may be created. These include ownership, superficies, servitude, chonsegwon, mortgage, pledge, and right of retention. The law distinguishes between obligatory rights (rights against a specific person) and real rights (rights against the entire world). Registration is required for the creation, transfer, or modification of real rights in immovable property.

Real Estate Regulation in South Korea

Tue, 07 Jul 2026 00:00:00 +0000

Introduction

Real estate regulation in South Korea encompasses a comprehensive legal framework governing land and building registration, lease protection, housing redevelopment, and government housing policy. The regulation reflects Korea’s unique circumstances: high population density, concentrated urbanization (particularly in the Seoul metropolitan area), volatile housing prices, and a historical preference for real estate investment. Key statutes include the Real Estate Registration Act, the Housing Act, the Building Act, and the Lease Protection Act.