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Foreigners owning Korean Homes, (Identity on Deed)
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Drew345



Joined: 24 May 2005

PostPosted: Wed Sep 16, 2009 1:08 pm    Post subject: Foreigners owning Korean Homes, (Identity on Deed) Reply with quote

I have a question for foreigners who own their homes in Korea. How did they specify your identity on the deed?
I bought my apartment about 2 years ago and was aghast when the final deed showed up and they used my ARC number as my identity on the house deed. The problem is that for us foreigners, the ARC comes and goes depending on if we are working (or married) or not.
There are probably many Japanese and Chinese owning property here who never worked here and never had an ARC, so there must be some other way to specify ID, other than ARC number. It is perfectly legal for other nationalities to own property here without working here.
My specific problem comes that my "address" on the deed is specified as my previous address, because that is the address where I lived at the exact moment I purchased the apartment and that was the address on the ARC. Now, I have no ARC because I am studying Korean language part time. So I want to change my "address" on the deed and find that I first need to change my address on the ARC (which doesn't exist anymore) before they will change the address on my deed?!?
Then of course there is the problem many years down the road when I want to sell the place and find I need an ARC to do that.
So I want to get them to remove all mention of my ARC from the deed, but not sure what other way they can use to specify the owner (myself) identity.
Thanks, Drew
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DHC



Joined: 15 Jan 2003

PostPosted: Wed Sep 16, 2009 1:36 pm    Post subject: Reply with quote

You should have an ARC if you are legally in the country other than as a temporary tourist. Your ARC number is the method that Korea uses to ID foreigners. It is used on everything from driver license to property ownership papers. Your name should also appear on the document. You will need your ARC when you sell the document unless the buyer is naive enough to accept your word that you are the person whose ARC is on the document.
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PRagic



Joined: 24 Feb 2006

PostPosted: Wed Sep 16, 2009 2:02 pm    Post subject: Reply with quote

An American buddy just did up a real estate contract. He used his name, and then to everyones' surprise, he busted out his own chop instead of just signing! Classic.
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Drew345



Joined: 24 May 2005

PostPosted: Wed Sep 16, 2009 2:09 pm    Post subject: Reply with quote

Yes, I have my chop also. It was the much preferred method for signing real estate documents.

I am in the country for 3 months visa exempt. So no, I don't have, and in fact am not allowed to have, an ARC. I have a home in another country also, so 3 months at a time in Korea suits me just fine.

There is no law against foreigners owning property here in Korea. So since 99.9 % of foreigners in the world don't have ARC, it is probably not required to have an ARC to buy property in Korea. I am not sure about that last statement, just my thought process. Yet this opens up the original question.

Anyone use another way to specify their identity on the deed other than ARC?
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bassexpander



Joined: 13 Sep 2007
Location: Someplace you'd rather be.

PostPosted: Wed Sep 16, 2009 2:26 pm    Post subject: Reply with quote

PRagic wrote:
An American buddy just did up a real estate contract. He used his name, and then to everyones' surprise, he busted out his own chop instead of just signing! Classic.


Why is this special?
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aphase



Joined: 27 Apr 2006

PostPosted: Wed Sep 16, 2009 3:00 pm    Post subject: Reply with quote

I thought only F2/F4/F5 visa holders could legally own property/and, or a business in Korea. And well, maybe Investment visa holders. No?

Anyway my ARC never comes and goes. It's been the same for 5 years. Sad that I have to admit that i've been here that long. hah.
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Drew345



Joined: 24 May 2005

PostPosted: Wed Sep 16, 2009 3:16 pm    Post subject: Reply with quote

Well, that is good to know that the ARC never changes.

What I meant by the ARC comes and goes is that when working, it comes, when not working, it goes.

Anyway, I am trying to get a job for spring so I hope that my next ARC card has the same number as before. I'll be at a different employer and my passport number has also changed. Hope they give me the same ARC number or I am in a mess with this apartment deed.
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blackjack



Joined: 04 Jan 2006
Location: anyang

PostPosted: Wed Sep 16, 2009 3:49 pm    Post subject: Reply with quote

Drew345 wrote:
Well, that is good to know that the ARC never changes.

What I meant by the ARC comes and goes is that when working, it comes, when not working, it goes.

Anyway, I am trying to get a job for spring so I hope that my next ARC card has the same number as before. I'll be at a different employer and my passport number has also changed. Hope they give me the same ARC number or I am in a mess with this apartment deed.


I don't think you are allowed to study on a tourist visa (could be wrong). Shouldn't you be on a study visa?
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Drew345



Joined: 24 May 2005

PostPosted: Wed Sep 16, 2009 4:01 pm    Post subject: Reply with quote

Can't get a student visa when studying 12 hours a week in a hagwon with one month long semesters.
since US citizens can enter for 3 month with no visa, I can't get a student visa for studying at this hagwon.
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PRagic



Joined: 24 Feb 2006

PostPosted: Wed Sep 16, 2009 5:22 pm    Post subject: Reply with quote

@Bassexpander: It was just funny to see the Koreans' reaction to a foreigner with a tojang.

And anyone can own property here now. You don't need to have an ARC or be on any kind of special visa.
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Drew345



Joined: 24 May 2005

PostPosted: Wed Sep 16, 2009 8:18 pm    Post subject: Reply with quote

I agree that there is no rule stating that you must have an ARC to own property.
But unfortunately I am being told that I must have the ARC to get the proper paperwork from immigration so I can change the address on my deed. The name and address on the deed is actually tied to the ARC (which no longer exists).
So there is no rule against owning property without an ARC, but in practice it seems run into insurmountable obstacles, such as changing the address or in the future when trying to sell.
That's why I'm asking, if anyone bought or owns property without the ARC, how is your identity specified on the deed. I need this information so I can tell the deed writers that there is indeed another way.
I am being told that the ARC is the only way to identify a person on the deed; and this may be a fact, even though it runs against the fact that no ARC is needed to own property.
Anyone else own property without an ARC, and if so, how is your identity specified? I do realize that this is such a rare case that maybe nobody else (except Japanese and Chinese land speculators) may be in this position.
Thanks
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PRagic



Joined: 24 Feb 2006

PostPosted: Wed Sep 16, 2009 9:22 pm    Post subject: Reply with quote

Maybe you could visit immigration and at least get a photo of your old ARC. If worse comes to worse, they at least should be able to give you written confirmation of your old ID number along with your name. You could then change the deed to reflect your name with your passport number or something like that.

I agree. This is a one-off case. Sorry I couldn't help more.
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IlIlNine



Joined: 15 Jun 2005
Location: Gunpo, Gyonggi, SoKo

PostPosted: Wed Sep 16, 2009 10:19 pm    Post subject: Reply with quote

I don't know if this is of any help, but the one time that I was here between contracts on a tourist visa, I used my Korean Driver's License as ID and nobody even blinked twice.

So, even if it's not a big help to you this time around, I would suggest getting a KDL if only to use as ID - it's good for many years and is useful for, you know, driving and stuff.
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HapKi



Joined: 10 Dec 2004
Location: TALL BUILDING-SEOUL

PostPosted: Thu Sep 17, 2009 1:30 am    Post subject: Reply with quote

Anyone can get a dojang stamp, as there are stores that will carve one for you everywhere. The key for legitimacy, however, is to go to your Gu office and get your stamp registered. This involves your ARC (or your passport, I forget), current address, fingerprinting, samples of your signature, and so forth. Koreans carry their stamps around like gold, as it's their identity. Having someone else's is like having a perfectly forged signature to use. But all the proof for legitimacy is available to be checked at the Gu office.

Perhaps with the Gu office a change in ARC number is possible. Sorry I can't be of more help.
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aphase



Joined: 27 Apr 2006

PostPosted: Thu Sep 17, 2009 5:21 am    Post subject: Reply with quote

HapKi wrote:
Anyone can get a dojang stamp, as there are stores that will carve one for you everywhere. The key for legitimacy, however, is to go to your Gu office and get your stamp registered. This involves your ARC (or your passport, I forget), current address, fingerprinting, samples of your signature, and so forth. Koreans carry their stamps around like gold, as it's their identity. Having someone else's is like having a perfectly forged signature to use. But all the proof for legitimacy is available to be checked at the Gu office.

Perhaps with the Gu office a change in ARC number is possible. Sorry I can't be of more help.


I just had my stamp made and registered at the gu-office two days ago because apparently i needed one to get my motorcycle, and to be able to legally sell it later on (at least thats what i was told). Anyways they fingerprinted my thumb, looked at my ARC, stamped a piece of paper with my stamp, and thats it. They told me however that if i don't renew my visa the stamp will automatically be cancelled at the Gu office. so i don't know if changing your ARC number at the gu-office is possible, i think you would just simply have to re-register.
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