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Anyone Bought Land in Korea?
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ajosshi



Joined: 17 Jan 2011
Location: ajosshi.com

PostPosted: Thu Aug 23, 2012 10:50 am    Post subject: Reply with quote

Anyone use propex or spray insulation (soy) in Korea?
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FDNY



Joined: 27 Sep 2010

PostPosted: Thu Aug 23, 2012 11:58 pm    Post subject: Reply with quote

I have seen the quality standards for the construction industry in Korea. They are not very good. The quality also decreases depending on the size of the project. Big construction companies like Hyundai make some pretty good new apartments, but they wouldn\'t even consider a building you a house.

So, I\'m pretty leary of letting, for example, a Korean house painter loose on my property when I have seen repeatedly they get more paint on the floors and ground then they do on the walls.

I\'m now looking at this: http://www.logcabinhomes.com/
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chungbukdo



Joined: 22 Aug 2010

PostPosted: Fri Aug 24, 2012 9:06 am    Post subject: Reply with quote

crescent wrote:

We did hire a contractor to handle everything including the inspections, but it turned into such a game of confusion that we thought either he, or the inspectors were trying to steal from us. We couldn't get consistent answers regarding legal responsibilities to satisfy municipal building bi-laws, building registration, or construction codes. Suppliers were also difficult to deal with as we continually got sent the wrong materials, or the wrong amounts.


This is generally the reason you will see a huge apartment in the countryside surrounded by a field.

Normally in North America you would think: there is plenty of land here, why wouldn't they build single family dwellings?

The answer I usually got from Koreans is that "Koreans don't like single family dwellings" but I honestly have never met a smart Korean who knows anything outside of his field. This answer, which even on its face is so stupid, cannot even integrate logic of things that are visible around them.

The way it works in Korea (and Asia) with regards to everything is that there are a million horrible little rules. In order to ignore, bribe, or get past them, you can be a big company, and then just hold political power, bribing power, or sufficient economic power that people think your project will be good and justify breaking the stupid little rules. This is why you can beat up people when you're the son of a corporation owner, judges will think they're "helping Korea" by going easy on them during sentencing. In reality, Korea is just so overrun by rediculous rules that the judiciary and enforcement mechanism begin to enforce them haphazardly and at their own discretion.

So the projects that can be built from now on are massive ones done by the chaebols like Hyundai construction or mayibe smaller developers but still much larger than the individual. They put in large apartment complexes and get them built, streamline the legal process (doubt they can actually COMPLY with conflicting or constantly changing building codes and bylaws, they just bribe or use sway, which an individual has no power to do or would make the project cost too much).

If you want to build as an individual you're going to have to incur much higher costs because of the de facto monopoly due to regulations that allows established major developers safety from individual homebuilders. There's that, and the laws just so opposed to single family home development that even the major developers don't usually get involved (profit margins would be lower because of the cost of complying compared to a large apartment complex).
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chungbukdo



Joined: 22 Aug 2010

PostPosted: Fri Aug 24, 2012 9:12 am    Post subject: Reply with quote

meangradin wrote:
I think besides the headache of the build, there are other things to consider. Specifically, can you sell the house in the future? Koreans as a rule dont want to live in houses, but apartments,

Oh really, because Koreans buy up single family dwellings where I live, and there are apartments available here (Canada).

It has more to do with the prices (which are in response to the legal code, tariffs on building supplies, etc) than what Koreans want.

One Korean told me Koreans don't like boats and water sports, that's why there's no boats on the Han River.

Never mind the fact that the Han River was so full of boats in the 70s that you couldn't see the water.
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FDNY



Joined: 27 Sep 2010

PostPosted: Fri Aug 24, 2012 4:02 pm    Post subject: Reply with quote

Check out this Alibaba link to house building in Korea.

http://www.alibaba.com/trade/search?SearchText=houses+korea&IndexArea=product_en&fsb=y
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