It is said that immigrants who buy a house in Jeju Island must also buy bonds of 500 million won. Is it true?/You don't say.

20 14 It was reported that 500 million won "Jeju Local Development Bond" needed to be purchased, but there was no follow-up news.

You can get an F2 residence visa if you buy a property of more than $500,000 in Jeju Island, South Korea. It should be noted that the real estate purchased must be the real estate designated by the government, and most of these properties are holiday apartments, resorts, family hotels, villas and so on.

Property purchased in Jeju Island must be kept for 5 years. During these five years, the property shall not be rented for a long time or sold at will. You can apply for F5 permanent residence visa if you have held the property for 5 years.