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BUSAN, South Korea -- A study released by the city of Busan shows foreigners own more land in the city. This is, in part, due to the development of areas dominated by foreigners including the Miem Industrial Complex and Dong Busan Tourism Complex. 

According to the report, foreigners owned 5,438 thousand square meters of land, valued at 2,760,000,000 won at the end of last year. 
The total amount of foreign ownership has increased by ten percent over the last three years. 

In 2010, foreign ownership accounted for 4,912 square meters of land assessed at 1,478,200,000 won. 

Source: Busan eFM News

Foreign Land Ownership on the Rise in Busan


BUSAN, South Korea — A study released by the city of Busan shows foreigners own more land in the city. This is, in part, due to the development of areas dominated by foreigners including the Miem Industrial Complex and Dong Busan Tourism Complex. 

According to the report, foreigners owned 5,438 thousand square meters of land, valued at 2,760,000,000 won at the end of last year. 
The total amount of foreign ownership has increased by ten percent over the last three years. 

In 2010, foreign ownership accounted for 4,912 square meters of land assessed at 1,478,200,000 won. 

Source: Busan eFM News


 

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