Can countries above 160 be tax-free when buying real estate in Jeju Island, South Korea?

Buying real estate in Jeju Island, South Korea, may not be exempted from countries above 160. This is because:

First of all, there are many kinds of real estate in Jeju Island, including Korean immigrants and non-immigrants. Non-immigrant real estate is only used for investment, while Korean immigrant real estate can get F2 visa by investing more than 500,000 US dollars or 500 million won in Jeju Island leisure real estate according to Jeju Island real estate investment immigration policy. After five years, if there is no bad record, investors, their spouses and children can obtain permanent residency, that is, green cards.

However, Taofang.com of Jeju Island would like to emphasize that no matter what kind of investment, it has nothing to do with visa-free countries above 160. Because there is a difference between a green card and a nationality. Korean nationals can be exempted from visas to countries above 160, while China people, although immigrants get green cards, are still China nationals and their passports are still China passports. In other words, although holding a green card can enjoy the rights and interests of Korean citizens in terms of residence and medical care, issues such as visas are still the same as those in China.

If you really need visa-free access to so many countries, then you must apply for naturalization, that is to say, give up China nationality and join Korean nationality. With a green card, it will be easier to apply for naturalization, and Korean citizens will be treated equally after naturalization. It can also be exempted from many countries.