In just a few decades, South Korea has transformed from a country in reconstruction into an open-air urban laboratory. Smart cities, techno valleys, special economic zones, regeneration of old neighborhoods, rail hubs, and port redevelopments now form a map of a country undergoing profound change. Behind this fervor, a common thread stands out: using the city as an engine for economic innovation, ecological transition, and social cohesion.
This article outlines the main upcoming urban development projects, from Busan to Incheon and from Seoul to Gyeonggi, including areas around KTX stations and former railway sites. It relies exclusively on available research data to paint an accurate picture of Korea’s next generation of cities.
Busan Eco Delta Smart City: National showcase for the smart city
Among the flagship projects, Busan Eco Delta Smart City holds a unique place. Often presented as the country’s largest smart city project, it is one of two sites designated as a “National Pilot Smart City,” alongside Sejong.
Located in Gangseo-gu, in the Sae-mulmeori waterfront area at the confluence of the Nakdong River, the Maekdo River, and Pyeonggang Stream, Eco Delta Smart City is envisioned as a city-laboratory where nature, residents, and technology are conceived together.
A testbed for the cities of tomorrow
The project unfolds at two scales. On one side, a pilot zone of 2.8 km², comparable in size to Yeouido, serves as a national demonstrator for the most innovative urban services. On the other, a broader development of 11.77 km², covering several legal neighborhoods of Gangseo-gu, is expected to eventually house between 76,000 and nearly 100,000 residents, according to projections.
In the pilot zone, the target population is 8,500 people (3,380 households), while the entire Eco Delta City aims for about 30,000 households, including over 27,000 in a large apartment complex spread across 33 blocks. The city integrates different types of housing – apartments, single-family homes, integrated retail – to test various living models.
The project is not limited to building construction. It aims to be a model of a “global innovation growth city”: a city designed to host technologies from the Fourth Industrial Revolution, foster new economic models, while improving quality of life. The objective is explicitly human: a “people-centered” city, conducive to mental health, work-life balance, and closeness to nature.
Quantifiable goals for a measurable city
Busan Eco Delta Smart City is distinguished by very precise quantified goals that reflect a desire to assess urban impact:
| Urban Goal | Announced Target |
|---|---|
| Increase in healthy life expectancy | +5 years |
| Work-life balance | 50 / 50 |
| Share of renewable energy | +20% |
| Recycling rate | 100% |
| Time saved per resident | 124 hours / year |
| Job creation | 28,000 positions |
Through these indicators, the city is conceived as a measurable platform: the circular economy, energy, mobility, water management, health, education, and even daily time become project variables.
Financing, governance, and stakeholders
Behind this titanic undertaking, the financing structures match its scale. The total cost of the Busan Eco Delta Smart City project is estimated between 5.4 and 5.6 trillion won (over $4 billion). The smart city pilot zone alone represents 2.2 trillion won, with 1.45 trillion from public funds and 0.76 trillion from private sources. Part of the investment is to be recouped through housing sales (up to 2 trillion won expected from selling 3,800 apartments), as well as through retail and the monetization of urban data.
K-water, the public water resources agency, holds an 85% stake in the overall development of the project company “Smart City Busan.”
This scheme associating the state, local authorities, and major corporations illustrates the extensive use of Public-Private Partnerships (PPP), governed in Korea by the 1994 Act on Private Investment in Infrastructure, which established a range of structures (BTO, BTL, BOO, BOT, etc.) and mechanisms for sharing risk with the private sector.
A city designed as a technological platform
The heart of Busan Eco Delta Smart City is digital. Three major platforms organize services: Digital City Platform, Augmented City Platform, and Robot City Platform. They rely on tools like BIM for design, digital twins for operations, intelligent underground infrastructure, and a wealth of data collected on-site.
A pilot neighborhood of 56 homes (about 200 residents) serves as a testbed for over 40 innovations. Features include delivery and cleaning robots, AI-managed cafes and gyms, connected bracelets and smart mirrors for health, sensor-equipped urban farms, automated sorting systems, autonomous street cleaning vehicles, and package delivery robots using address-based geolocation.
The energy results are spectacular: the village achieves an energy self-sufficiency rate of 107% thanks to solar panels and the use of hydrothermal energy. It has received the Grade 1 zero-energy rating, the top energy efficiency rating for buildings (1+++), and the highest green building certification.
Urban planning: 15 minutes, water, nature, and clusters
Beyond technology, the urban form displays strong ambitions. Eco Delta City is conceived as a “15-minute city“: access to essential services on foot or within minutes. Seven thematic streets connect functional hubs (housing, commerce, R&D, logistics, culture), while a network of “Blue & Green networks” is meant to guarantee every resident access to water and green spaces within five minutes.
Five major innovation clusters will structure the local economy: autonomous mobility, health and robotics, hydrothermal energy, water science, and a New Hallyu hub dedicated to VR/AR content. The waterfront at Semulmeori will host a major shopping mall, an artificial waterway for river taxis, and promenades along the Pyeonggang and Maekdo rivers. Twenty-two educational facilities, including three large high schools, are also planned.
The environmental dimension is central, with a vast ecological corridor 100 meters wide and 5.5 km long along the Seonakdong, a planned wetland park for migratory birds, and a program to improve the water quality of streams (from Class 4 to Class 2).
Citizen participation and sensitive issues
One of the project’s defining traits is the hybridization between top-down strategic steering and bottom-up experiments. Idea competitions, living labs, volunteer residents of the Smart Village (housed free for three to five years in exchange for feedback and data collection), monthly multi-stakeholder meetings: the city is co-built with its test-residents.
This approach does not eliminate several major questions: How to avoid the digital divide for elderly or low-income groups? How to guarantee data protection in a city filled with sensors? What is the place for former residents potentially displaced by construction? How to reconcile the proximity of two airports (the current Gimhae and the future Gadeokdo Airport) with the pursuit of quality of life, given noise and environmental nuisances? Added to these are geotechnical doubts about constructing high-rise towers on soft ground, as well as a symbolic controversy over the place name change to “Eco Delta-dong,” which was struck down by the courts for being too anglicized.
Busan Eco Delta Smart City thus stands at the crossroads of innovation and controversy: a total laboratory, where both the technological transition and the social and environmental tensions of future cities are playing out.
Techno Valleys and new innovation hubs in Gyeonggi
Around Seoul, Gyeonggi Province is building a constellation of techno valleys, true urban campuses with high technological intensity. The most famous example is Pangyo Techno Valley, often called the “Korean Silicon Valley.” But new projects are expanding this galaxy: Gwanggyo Techno Valley, the future Buksuwon Techno Valley north of Suwon, and the second and third Pangyo Techno Valleys.
Pangyo: The nation’s digital heart
Opened in 2011, the first Pangyo Techno Valley spans about 661,000 m², including 267,000 m² of research sites and over 100,000 m² for support functions. Economic figures indicate the cluster’s scale: 77.4 trillion won in revenue as early as 2017, 107.2 trillion in 2019, and 157.5 trillion won for the first complex alone in 2022. Both techno valleys combined reached 167.7 trillion won that same year.
In 2011, 88 companies were located there; by 2022, there were over 1,600, 86% of them SMEs, totaling about 79,000 jobs. Most companies are active in IT and video games (65%), followed by biotech (14%) and cultural industries (10%). It hosts giants like Kakao, Nexon, NCSOFT, AhnLab, NHN, SK Planet, Smilegate, and POSCO ICT, as well as a dense fabric of startups and R&D centers.
The sales growth rate in the second Pangyo Techno Valley, rising from 1.1 trillion won in 2021 to over 10 trillion expected in 2023.
Gwanggyo and Buksuwon: The rise of bio and AI
Further south, Gwanggyo Techno Valley in Suwon focuses on nanotechnology (NT) and biotechnology (BT). Across about 269,000 m², it clusters over 200 bio-health companies and major scientific facilities: Gyeonggi Bio Center, Next Generation Convergence Technology Institute, Korea Advanced Nano Fab Center, major regional R&D centers. These infrastructures offer integrated services for new drug development, microfabrication, and SME innovation.
The provincial governor, Kim Dong-yeon, states the ambition of making Gwanggyo “the country’s best bio complex.” The plan includes converting a former long-term research site into a bio-startup incubator, training 500 high-level researchers per year, supporting about fifteen young bio companies annually, and simplifying land development procedures.
Nearby, the Gyeonggi Buksuwon Techno Valley (North Suwon Techno Valley) project is under development on a 154,000 m² site. It ultimately plans for 260,000 m² of floor space with an investment of 3.6 trillion won. The goal is to create an innovation ecosystem centered on leading companies in artificial intelligence (AI), semiconductors, mobility, and bio-health.
The site is expected to host about 7,000 jobs, 1,000 dormitory rooms, 3,000 rental apartments (i.e., 5,000 households), and 120,000 m² of commercial and cultural space. It will be developed as a carbon-neutral, RE100-type city with zero-energy buildings. An integrated health care service offering (medical visits, rehabilitation, short-term hospitalization, day/night care) is also planned under the “Gyeonggi Opportunity Town” policy.
An industrial network on a regional scale
These techno valleys are not isolated islands. Gyeonggi structures its investments into major sectoral corridors: a “semiconductor belt” linking Hwaseong, Yongin, Anseong, Pyeongtaek, Icheon; a “biobelt” connecting Goyang, Paju, Siheung, Suwon (Gwanggyo), Hwaseong; a “mobility belt” between Gwangmyeong, Siheung, Ansan, Hwaseong, Pyeongtaek; and an “AI culture/knowledge belt” in the province’s north (Paju, Goyang, Yangju, Namyangju).
The challenge is clear: to make Gyeonggi the country’s “capital of the AI knowledge industry,” relying on a tight-knit network of innovative cities connected by efficient transport infrastructure.
Incheon Free Economic Zone: Global laboratory, from Songdo to K-Con Land
West of Seoul, the Incheon Free Economic Zone (IFEZ) is the other major stage of Korea’s urban transformation. Established in 2003, this special economic zone of over 122 km² comprises three hubs: Songdo, Yeongjong, and Cheongna. Its mission is to become a global hub for logistics, business, tourism, and leisure for Northeast Asia.
Songdo: Prototype smart and sustainable city
Songdo International Business District is the centerpiece of IFEZ. Built on land reclaimed from the Yellow Sea, about thirty kilometers from Seoul, this new city of 1,500 acres is based on a master plan by Kohn Pedersen Fox. Over 40% of the area is reserved for green space, with a vast 40-hectare central park, canals, and a network of 25 km of bike paths and promenades.
The total real estate program reaches 100 million square feet, split between offices (40 million), housing (40 million), retail and public facilities (10 million), and hospitality (5 million). Total investment is estimated at $35 billion, making Songdo one of the largest private urban development projects in the world.
The city stands out for its innovative and sustainable approach, integrating cutting-edge technologies for optimized urban management and a significant reduction of its environmental impact.
First “LEED city” in the country with over 106 certified buildings, representing 40% of all Korean LEED-certified floor space.
Massive network of around 500,000 sensors and an integrated control center for urban management, with initial partnerships with Cisco for the digital backbone.
Pneumatic waste collection system and centralized management of energy and water for optimal efficiency.
Reduction of CO₂ emissions by about 40% compared to conventional urban development.
New phases: Bio-industries, campuses, and iconic towers
While Songdo is about 80–85% complete, the investment momentum continues. The zone already hosts a leading bio-pharmaceutical cluster, with players like Celltrion, Samsung BioLogics, SK Bioscience, and global material suppliers (Merck, Sartorius, Cytiva). The state is deploying several strategic projects there: K-Bio Lab Hub, Global Bio Campus, national bio-career training center.
Lotte Biologics has launched a “Songdo Bio Campus” in the advanced industrial cluster, with an announced investment of 460 billion won by 2030. Production start-up of a first factory is expected by 2027, with a chain covering from cell line to finished product. The campus will also integrate small-capacity facilities for clinical substances and a Bio-Venture initiative for startups.
A major readjustment of sections 6 and 8 of the Landmark City zone has been approved. This long-stalled project aims to transform the area into an international hub combining business, tourism, and leisure. Planned measures include a reconfiguration of land use, strengthening east-west connections, improved walkability, and the likely construction of a tower over 100 stories tall. The goal is to attract institutions such as a global trade complex, a second startup park, and the Incheon Chamber of Commerce.
Yeongjong and Cheongna: Tourism, leisure, and K-Content
Around Incheon International Airport, Yeongjong International City (138 km²) concentrates logistics and tourism functions. It already hosts facilities like Inspire Arena, Paradise City, and the BMW Driving Center. New projects reinforce this positioning: redeveloped waterfront parks, tourist amenities (sky bicycle, viewing towers), transformation of a former dredging disposal site into a marine tourism complex, and a strategy to attract major corporations to the “Yeongjong Air Complex City.”
Cheongna, for its part, specializes in finance and leisure. A flagship project is under discussion: “K-Con Land,” a cultural complex dedicated to Korean content. This initiative, aligned with the government’s strategy to become one of the world’s four major cultural powers, is to bring together academies, creation centers, filming studios, museums, and festivals. Several sites, in Yeongjong as well as Cheongna, are under consideration to host this K-Content theme park.
This is the target number of annual visitors for the large-scale project described.
IFEZ 2040 Vision: From a free zone to a global innovation hub
IFEZ has presented a 2040 vision aiming to become a “global business innovation hub.” The plan rests on two major pillars: value-added growth and innovative growth. In sectoral terms, bio-health must shift from production to R&D (with a focus on new drug discovery), while the advanced medical industry expands to biomaterials, equipment, and digital health.
IFEZ also seeks to strengthen its role in international trade networks, densify its MICE offerings, and extend the free zone perimeter by incorporating, for example, southern Ganghwa as a “green bio” cluster. Particular attention is paid to connecting with Incheon’s original city centers (Ganghwa, Jemulpo, Namdong), notably through the redevelopment of the Naehang inner port, to avoid creating enclaves disconnected from the rest of the metropolis.
High-Speed Rail Stations, Intermodality, and Rail-Oriented Urbanism
Recent Korean urban development is inseparable from the expansion of the high-speed rail network (KTX) and the growing role of railway operators as urban actors. The Korea Rail Network Authority (KR) and Korail have thus multiplied projects to develop railway land and stations.
From high-speed rail to “station cities”
Since the launch of KTX in 2004, on the Seoul–Busan (Gyeongbu) and then Seoul–Mokpo (Honam) lines, KTX stations have become major urbanization nodes. Hubs like Gwangmyeong, Cheonan-Asan, or Dongdaegu have seen the emergence of large-scale shopping malls, hotels, offices, and transfer platforms. The notion of “one-day living zones” and “half-day living areas” has taken hold, making daily mobility on a national scale possible.
A study indicates that the national territory accessible within one hour of a KTX station rose from 48.1% in 2004 to 74.5% in 2018. This improvement has encouraged a concentration of population and activity around Seoul, sometimes contrary to initial expectations. It has also enabled the revitalization of some historic city centers, like Iksan or Gwangju Songjeong, through renewed commerce, tourism, and services.
Development projects around stations
KR is currently piloting 21 development projects and has about twenty others under construction or in preparation, often through mixed project companies (SPCs) granted 30-year operating rights. The dual challenge is to capture the land value generated by rail investments and repair the urban divisions created by the tracks.
Among recent or ongoing examples:
| Station / Site | Area / Program | Estimated Cost | Main Function |
|---|---|---|---|
| Gwangmyeong Station Transit Center | 76,216 m² site, bus terminal + retail | $48M | Interchange hub and retail |
| Suseo Station influence area | 386,390 m² | $453M | Intermodal center, offices, logistics, public housing |
| Hongik University Station | 20,844 m² site, 53,978 m² built | $130M | Retail, offices, hotel |
| Gongdeok Station (2 projects) | 15,840 m² + adjacent site, ~95,000 m² built | $205M | Offices, hotel, neighborhood facilities |
| Incheon-Nonhyeon Station | 16,639 m² construction | $20M | Neighborhood retail |
The Suseo project is particularly significant: the station’s influence zone, covering nearly 0.4 km², is to be transformed into a new mixed-use neighborhood with a transit center, distribution center, public housing, and offices. KR expects $300 million in profit from this operation alone.
The budget planned for the Chuncheon Station area development project, aiming to make it a sustainable model for mid-sized cities.
Reusing old tracks: Railway parks and tourism
Alongside projects around active stations, KR also develops disused railway sections into tourist facilities, often in partnership with local authorities. High-One Choo Choo Park, on a former switchback route in a declining mining region, offers rail-bike rides, small tourist trains, and accommodation, with a positive effect on local employment.
Analogous projects exist on the former Yongdong line (nearly a million m² site, 16.5 km of tourist infrastructure) or in the Gangchon region (over 400,000 m², 8.2 km of rail-bike, tunnels, and bridges), or in Haeundae (Busan), where the old tracks of the Donghae-Nambu line have been transformed into a tourist promenade (Haeundae Blueline), blending panoramic trains, sky-bikes, and viewpoints.
These projects show how South Korea very closely intertwines transport infrastructure and urban production, to the point where stations and old tracks become full-fledged engines of development.
Seoul: From urban regeneration to global smart city
A capital of nearly 10 million residents (25 million in the metropolitan area), Seoul embodies another facet of Korean urban development: that of regeneration and the sophistication of planning policies.
A city shifting from “all-out development” to regeneration
After several decades of major renovation and construction projects, often marked by demolition and the mass displacement of populations, Seoul made a turn in 2013, replacing a “development” logic with a “regeneration” approach. This shift is part of the national framework of the Urban Regeneration Act (2013) and the “Urban Regeneration New Deal” program launched under President Moon Jae-in in 2017, which multiplied investments in hundreds of declining neighborhoods.
The City of Seoul has developed a master plan, the “2030 Seoul Plan,” and is in the process of updating it to a “2040 Seoul Plan.” These strategic documents, co-constructed through broad citizen participation (including 100 randomly selected citizens, over 200 experts, and thematic committees), define a vision of a “friendly city based on communication and care.” The plan is structured around five major challenges: equality of opportunity, jobs and industry, culture and history, environment and safety, as well as residential stability and mobility.
A major innovation is the reform of the spatial structure: the old model centered on a single downtown surrounded by five sub-centers and eleven regional centers is replaced by a polycentric model with three urban centers, seven metropolitan centers, and twelve regional centers. In parallel, the city is divided into five “life spheres” (center, northeast, northwest, southwest, southeast), which serve as the basis for detailed plans focused on quality of life.
Flagship regeneration projects
This strategy translates into a multitude of on-the-ground projects: 131 urban regeneration projects are underway, from transforming highway viaducts into elevated parks to revitalizing old shopping streets.
Among the most notable initiatives:
Three emblematic urban transformation projects in Seoul, illustrating innovative approaches to preservation, conversion, and creation of public spaces.
A former highway overpass transformed into a 1.2 km elevated walkway with 24,000 plants. The result of 615 meetings with local residents, the site has welcomed over 10 million visitors and 32 festivals.
A 1960s commercial complex preserved and regenerated. A pedestrian skywalk connects the buildings and hosts ‘Makers Cubes’ for young companies. The project is expected to generate 34,000 jobs.
A working-class neighborhood saved from a ‘New Town’ project and integrated into a regeneration program in 2014. Public investments for housing, the local sewing industry, and cultural venues like the Nam June Paik Memorial.
The institutional apparatus for this policy is substantial: a dedicated regeneration division with 200 staff, a support center with 23 local branches and 187 employees, 73 resident councils involving nearly 2,700 citizens, and over 1 trillion won allocated by the city, supplemented by funds from 92 institutions (universities, companies).
Seoul, a reference smart city
In parallel, Seoul is strengthening its status as a smart city. The capital has established a strategic framework, the “Smart Seoul Vision Framework” centered on nine pillars, and allocates about 1% of its budget to these policies (a sum quadrupled between 2012 and 2022). It regularly ranks among the top cities in global smart city indices.
The city of Seoul relies on a dense, interconnected technological ecosystem to optimize its urban services and improve the quality of life for its citizens.
Fiber optic network meshing the city and subway (e-Seoul Net then u-Seoul Net) and over 21,000 public Wi-Fi hotspots.
Over 50,000 programmed IoT sensors collecting real-time data, integrated into lighting modules, video surveillance, and connected urban service nodes (S-Dot, S-Net).
Centralized data platforms (S-Data) and advanced 3D mapping systems (S-Map) for precise urban management.
AI algorithms (S-Brain) dedicated to analyzing and optimizing urban flows (traffic, energy, services).
The city also innovated early in transportation (bus system reform in 2003, ITS, integrated payment cards) and environmental management (unified call center 120 Dasan, waste-to-energy plants, paid waste bag collection system, green building certifications). It boasts a public transport share exceeding 60% for three decades and per capita green space rising from 5.73 m² in 1975 to 18.74 m² today.
Beyond technology, Seoul shares its experience internationally: study tours for many Asian cities, a training program at Seoul University for foreign officials, an active role within ICLEI, organizing study tours on smart cities with the World Bank.
National Policies: New Deal, smart cities, and greening the built environment
The projects mentioned above fit into a powerful national framework, combining economic recovery, ecological transition, and digital transformation.
The Korean New Deal and urban regeneration
Facing the effects of the COVID-19 crisis, Korea launched a “Korean New Deal” in 2020, led by the Ministry of Economy and Finance, aiming particularly to accelerate telecommuting and online education, green the industry, develop clean energy, and improve cities. Version 2.0, announced in 2021, increased the total investment planned through 2025 from 160 to 220 trillion won, of which 75.3 trillion is outside Greater Seoul.
The plan is structured around three major axes for sustainable and inclusive development, combining digital and green transitions and strengthening communities.
Focused on data, networks, AI, the metaverse, blockchain, and modernizing digital school infrastructure.
Committed to near-zero energy cities, smart grids, clean mobility, ecosystem restoration, and developing 25 green smart cities. Includes renovating public buildings, deploying over a million electric vehicles and 200,000 hydrogen cars, creating 100 clean factories, and assisting 1,750 industrial sites to reduce emissions.
Focused on improving employability, strengthening the social safety net, and supporting local development projects.
In the urban field, the Urban Regeneration New Deal – a program launched in 2017 – planned to select about 100 zones per year, for an annual public investment of about 10 trillion won. From 2017 to 2019, over 280 districts were chosen, adding to earlier projects for a total of over 320 operations nationwide, with various typologies (housing renovation, commercial activation, downtown street revitalization, support for the local economy).
A national smart city strategy
On the smart city front, Korea relies on successive five-year plans. After a first generation of “ubiquitous city” projects starting in 2009, the third plan (2019–2023) formalized the term smart city, and the fourth (2024–2029) sets more ambitious goals, with central government budgets rising from 4.5 billion won in 2017 to nearly 290 billion in 2021. The number of involved local governments tripled (from 50 to 150) and over 400 solutions have been developed across about sixty categories.
Since 2018, South Korea has launched two national pilot sites (Sejong 5-1 and Busan Eco Delta) as smart city demonstrators. It also supports programs like the Smart City Challenge, Town Challenge for small towns, and Campus Challenge for universities, which encourage local consortia to develop innovative services (on-demand mobility, smart energy management, connected health, etc.). These initiatives are facilitated by a “regulatory sandbox” allowing testing of innovations by temporarily relaxing certain rules.
Korea also exports its model via the K-City Network program, which supports smart city projects in 26 countries, and positions its companies (NAVER Cloud, KT, LG CNS, construction firms) in markets like the Middle East, Southeast Asia, or Latin America.
Conclusion: Urbanization as innovation policy
The upcoming urban development projects in South Korea are not merely about spectacular skylines or tech gadgets. They reveal a deeper strategy where the city is considered an instrument of systemic innovation: economic (high-tech clusters, free zones, techno valleys), technological (AI, digital twins, service robotics), environmental (zero-energy, greening waterways, repurposing railway land), and social (neighborhood regeneration, citizen participation, attention to quality of life).
South Korean urban development is marked by tensions such as gentrification, digital divides, data protection, and pressure on natural environments. Nevertheless, it constitutes a unique laboratory, integrating projects like Busan Eco Delta Smart City, Gyeonggi’s techno valleys, Incheon’s IFEZ, KTX station regeneration, and the revitalization of Seoul’s old neighborhoods.
As deadlines approach – the opening of a new airport in Busan, the expansion of Songdo‘s bio hubs, the rise of new techno valleys, the generalization of zero-energy buildings – South Korea will continue to be observed as one of the countries where the following question is being played out in real time: What will the 21st-century city look like when it becomes the deliberate heart of a state’s industrial, digital, and climate policy?
A French entrepreneur in his 50s, with a well-structured financial portfolio already in Europe, wanted to diversify part of his capital into residential real estate in South Korea to seek rental yield and exposure to the Korean won. Allocated budget: $400,000 to $600,000, without using credit.
After analyzing several markets (Seoul, Busan, Incheon), the chosen strategy was to target a residential apartment in a growing neighborhood like Gangnam or Songdo, combining a target gross rental yield of about 7–8% – remembering that “the higher the yield, the greater the risk” – with medium-term appreciation potential, for a total ticket (acquisition + fees + bringing to standard) of about $500,000. The mission included: market and neighborhood selection, connection and handling by a local network (real estate agent, lawyer, Korean tax advisor), choice of the most suitable structure (direct ownership or local company), and definition of a phased diversification plan, to integrate this asset into an overall wealth management strategy controlling legal, tax, and rental risks.
Looking for profitable real estate? Contact us for custom offers.
Disclaimer: The information provided on this website is for informational purposes only and does not constitute financial, legal, or professional advice. We encourage you to consult qualified experts before making any investment, real estate, or expatriation decisions. Although we strive to maintain up-to-date and accurate information, we do not guarantee the completeness, accuracy, or timeliness of the proposed content. As investment and expatriation involve risks, we disclaim any liability for potential losses or damages arising from the use of this site. Your use of this site confirms your acceptance of these terms and your understanding of the associated risks.