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Probably not. So the best thing is what we did. Got the loan (very easy to get 70-80% lend, no proof of income required) and signed the lease which stipulated that all the mortgage be paid off. So we got the money and paid the mortgage off(took the mortgage off the title) and registered...

In Korea there is also a lot of demand for "jeonse" because people don't necessarily want to buy properties in the areas close to their jobs. For example, my uncle bought a property in Seoul but lived in Daejeon renting for about 20 years because of his job. Another uncle works in the...

This is a very common agreement in Korea and it is called "jeonse" and you register your interest as "seipja" in the land titles office. Unless the landlord returns the money you don't sign the papers to take the 'seipja' off the title and you can stay there until you get your money returned. I...

My property is in Gyeongsan, very close to Daegu which is about 400Km from Seoul. There was a hike in the property price when new subway station got built 2 years after our purchase. I am not sure whether you can find information in English. There is a government site where I visit...

I would think that you would need to be in Korea and have an alien registration number. Without the registration number no bank will lend you any form of money in Korea. As long as you have the alien registration number and you have property in your name it is easy to borrow from the banks. No...