14.13 Million Households in Our Country Own Land... 61% of All Households

Trend in the Number of Private Landowners / Source = Ministry of Land, Infrastructure and Transport.

[Asia Economy Reporter Kangwook Cho] The Ministry of Land, Infrastructure and Transport announced on the 1st that as of the end of last year, 14.13 million households, accounting for 61.2% of the total 23.09 million households in South Korea, owned land. This represents a 2.4% increase compared to 13.79 million households the previous year.

Looking at the basic status, land owned by individuals accounted for the largest portion at 46,398 km² (75.9%). In addition, corporate ownership was 6,965 km² (11.4%), and non-corporate ownership was 7,754 km² (12.7%).

By land use zone, agricultural and forest areas accounted for the largest share at 49,083 km² (48.9%), followed by management areas at 23,902 km² (23.8%), green areas at 11,489 km² (11.4%), and residential areas at 2,405 km² (2.4%).

By land category, forest land accounted for 63,558 km² (63.3%), farmland composed of rice paddies, fields, orchards, and ranch land was 19,825 km² (19.7%), public land such as schools, roads, and railways was 10,149 km² (10.1%), and residential land was 3,243 km² (3.2%).

Examining the status of land owned by individuals in detail, out of the total registered population of 51.83 million in South Korea, 18.05 million people owned land, an increase of 2.1% compared to 17.67 million the previous year. By land category, individual ownership consisted of 26,831 km² (57.8%) of forest land, 16,032 km² (34.6%) of farmland, and 2,551 km² (5.5%) of residential land.

The land transaction turnover rate by area was highest in Sejong at 2.3%, followed by Gyeonggi at 1.4%, and Chungnam at 1.3%. Seoul showed the lowest turnover rate nationwide at 0.2%.

This content was produced with the assistance of AI translation services.