A management association is an association of all owners in collective buildings, such as officetels, commercial buildings, and apartments, that is automatically formed in accordance with the law to manage the building and protect the rights of the owners. It is established naturally when the need for joint management of the building arises due to the establishment of separate ownership relationships, without any separate incorporation procedures…
(This content is for general informational purposes only; please consult a tax professional for actual application.) Introduction: In South Korea, for a corporation to own a residential property is tantamount to a declaration that it will accept punitive taxes. Flat-rate heavy taxation on acquisition tax, Comprehensive Real Estate Tax…
The Growth Engine of March Proven by RE/MAX Korea To those contemplating the future of the real estate brokerage business, the question RE/MAX Korea poses is clear: “Will you remain a neighborhood real estate agency, or will you advance as a system-equipped real estate company?” Even starting from a similar starting line, the outcome can be vastly different depending on the choice…
Icheoro is a rental payment company specializing in monthly rent and management fee card payments. With a system where rent and management fees are paid by credit card, landlords receive the same deposit directly into their accounts, ensuring both convenience and security. Objective documents, such as lease agreements and building registers, are required…
Recently, among the wealthy, establishing a "family corporation" is increasingly seen as a necessity, not an option, when purchasing commercial real estate. This is due to the significantly lower corporate tax rate (10-20%) compared to the highest individual income tax rate (49.5%) and the ease of inheritance for children. However, a corporation is not a magic wand.
With the reinstatement of the multiple-homeowner transfer tax, effective May 9th, signs of change are emerging in the Seoul metropolitan area's real estate market. While some areas are seeing lower-priced properties for sale, areas that previously received relatively little attention are seeing price increases…
"Breaking the Walls of the Closed Brokerage Market and Setting Global Standards" Real Estate Experiences in Australia and the Reality of Korea During my college years, I majored in real estate in Australia and worked in brokerage there, experiencing the dynamics of the real estate market. At the time, I...
The amendment to the Certified Real Estate Brokerage Act passed the National Assembly on January 29, 2026, reaffirming the association's legal status after 27 years. On January 29, 2026, the National Assembly passed a partial amendment to the Certified Real Estate Brokerage Act. With this amendment, the Korea Certified Real Estate Brokerage Association will regain legal status 27 years after its conversion to a voluntary organization in 1999. The amendment...
When consulting on commercial leases, I often get this question: "We don't have a business registration, but rather a unique identification number. Does the Commercial Lease Protection Act apply?" There are usually two groups of people who ask this question. Landlords expect the law won't apply, while tenants are concerned, asking, "Is there any protection?"
<Sales> The national housing sales price index rose 0.291 tpa3t in January 2026 compared to the previous month, continuing its upward trend for the eighth consecutive month. Seoul, in particular, saw a sharp increase, up 0.911 tpa3t. Purchase inquiries continued to surge, particularly in preferred complexes with favorable residential conditions.
