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.
Unlike the residential market, the commercial real estate (office, retail) leasing market has its own unique terminology and practices. In particular, the terms "fit-out" and "rent-free" frequently appear during rent negotiations, and the method of calculating costs by integrating them...
Space creates brands, and brands transform cities. The power of space, as demonstrated by Musinsa and I.I. Combined, is evident in the growth stories of unicorns and global companies. One commonality emerges: the spaces they thrive in, and how they leverage those spaces.
Today, we'll explore the newly revised tax laws for 2026, specifically those related to housing. First, we'll expand the "Special Provisions for Housing Acquisition in Areas with Declining Populations." This special provision applies to single-homeowners who acquire a home in a declining population area, regardless of their existing ownership…
The Act on the Ownership and Management of Apartment Complexes (hereinafter referred to as the "Apartment Complex Act") defines a "partial common area" as a portion of a common area that is clearly provided for the exclusive use of a portion of the unit owners. Such a part of the common area belongs to the common ownership of the unit owners who share it (Article 10, Paragraph 1 of the Apartment Complex Act). A part of the common area…
Introduction: The landlord in front of me is not the owner on the register! I was introduced to a rented apartment for less than market value, with a clean building and no mortgage (registered). Wanting to sign a lease right away, I obtained the real estate registration certificate, only to see a smiling face in front of me in the owner column...
Remax Korea kicked off 2026 with a field-focused program. Remax Korea kicked off 2026 with a variety of programs focusing on education, recruitment, and field engagement. Despite the changing market environment, we are committed to supporting franchisees' brokerage sales...
Busan Real Estate Market Outlook for 2026: A Look at It On the Ground While local real estate markets outside the Seoul metropolitan area are undergoing a prolonged period of adjustment, a different signal is already emerging in the Busan real estate market. The term "transaction cliff" is becoming less relevant on the ground…
The real estate market is always quiet at the beginning of the year, but the clock is already ticking on policy and regulation. Declining occupancy rates, supply measures, regulatory extensions, capital movements, and even local elections. This year, the real estate market is at a point where it's crucial to prioritize variables over prices. Occupancy rates…
