"How many pyeong are you looking for?" in English, Japanese, and Chinese... 31 'Global Real Estate Agencies' Increase in Ulsan

Convenience for Foreign Real Estate Transactions, 5 More Locations Added

Ulsan City will designate five additional 'Global Real Estate Agencies' capable of language communication to facilitate real estate transactions for foreigners and will deliver the designation certificates on the 25th.

From July 20 to August 21, applications were accepted, and after a qualification review and foreign language proficiency interview, five agencies were selected, including three English-speaking and two Japanese-speaking offices.

The selection criteria require that the agency has been operating continuously in Ulsan City for more than one year and has not received any administrative sanctions under the Licensed Real Estate Agents Act within the past two years.

With the addition of these five agencies, Ulsan’s ‘Global Real Estate Agencies’ will expand to a total of 31 offices, including 21 English-speaking, 7 Japanese-speaking, and 3 Chinese-speaking offices.

Global Real Estate Agencies are customized service providers where licensed real estate agents capable of communicating in foreign languages offer brokerage services such as real estate sales and leases to foreigners. The designation status can be checked on the Ulsan City website.

An official from Ulsan City stated, “We will actively promote the ‘Global Real Estate Agencies’ to ensure that foreigners of various nationalities residing in Ulsan can receive smooth brokerage services when conducting real estate transactions.”

After being designated as a Global Real Estate Agency, if the agency suspends or closes business, relocates to another city or province, or receives administrative sanctions or criminal penalties due to violations of the Licensed Real Estate Agents Act, the designation will be revoked.

Ulsan City Hall.

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