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(1)L-City Apartments
(2)L City Residence
living accommodation
hotel-style accommodation
In principle, it is not possible to report the transfer of living accommodations
Not for residential use
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Current Status of Residential Accommodations in Korea
Under the current law, it is strictly an accommodation business facility, so it must be reported and used for accommodation business purposes
Not available for residential use
However, controversy arose after a series of expedients that were actually used for residential use without changing the purpose by due process
So, the Ministry of Land, Infrastructure and Transport started to regulate it in 2021
I’ll give you a two-year grace period
Real residence regulations will be implemented in earnest from October this year