LAW & POLICY
Trends
Preschool private tutoring and cram schools: Starting October 1st, mandatory reporting to the Office of Education, prohibition of preschool level tests, fines up to 3 million won.
The revised Private Education Act, taking effect on October 1st, requires individual tutors and cram schools teaching young children to register with the relevant education office. The implementing decree, passed by the National Council on September 22nd, broadly prohibits examinations and evaluations for recruitment and class division purposes, and imposes fines ranging from 1 million to 3 million won for each violation.
How to apply for regularization of illegal buildings, eligibility requirements, and the enforcement of the Special Act on Specific Buildings on December 17.
The 「Special Measures Act on the Management of Specific Buildings」, promulgated on June 16, 2026, will be enforced for 18 months starting December 17. It applies to certain residential buildings below a specific size that were substantially completed as of December 31, 2023, and requires reporting with attached design documents and field investigation reports. Information regarding eligibility requirements, usage approval criteria, fine structure, and the Incheon Building Ordinance’s enforcement fine standards are also included.
Foreigner real estate acquisition reporting deadlines and documents, Songdo and Incheon foreign land transaction permit areas until August 2027
When a foreigner acquires domestic real estate, reporting must be completed within 30 days for sales, 60 days for gifts and other contracts, and 6 months for inheritance, auctions, and new construction. Seoul, all of Incheon’s 9 autonomous districts (including Yeongsu-gu (Songdo)), and 23 cities and counties in Gyeonggi Province require foreign land transaction permits before purchasing a house in designated areas, with the requirement in effect until August 25, 2027. We cover reporting deadlines, required documents, and foreign exchange bank reporting for non-residents.
Development permission completion and land use change application period is 60 days, method for confirming development burden payment eligibility.
After obtaining development permission and changing the land's topography, the process continues with final inspection, land division/zoning change application, and submission of a development burden calculation statement. We will guide you through the period and area requirements as stipulated in the laws and Incheon City Urban Planning Ordinance.
Procedures and documents for reporting foreign exchange transactions when gifting or inheriting domestic real estate to children living abroad.
We provide information on when foreign exchange transaction reporting is required and not required when family members residing abroad receive gifts or inherit domestic real estate, stocks, or deposits, where to report, and the documents needed for overseas remittance, based on the Foreign Exchange Transaction Act and Foreign Exchange Transaction Regulations.
What is the deadline for reporting the succession of business registration when acquiring a business? Procedures for the transfer of ownership of restaurants, hair salons, and waste disposal businesses.
When acquiring an existing store or business, it is often possible to inherit the previous owner's permits and licenses without obtaining new ones. This document outlines, based on legal provisions, the reporting deadlines, required documents, fees, and conditions for transferring administrative actions for specific business types, such as restaurants, hair salons, butcher shops, and waste disposal businesses.