Registering property: Cost (% of property value) in South Korea
South Korea: Registering property: Cost (% of property value) was 5.1% in 2019. ▼ Falling
Registering property: Cost in South Korea, 2004–2019
Source: World Bank. Measured in % of property value.
Analysis
The most recent figure for registering property: cost in South Korea is 5.1%, measured in 2019. That is the lowest value across all 16 years on record.
The figure is unchanged over ten years.
Over the whole period, registering property: cost in South Korea peaked at 6.1% in 2004 and was at its lowest, 5.1%, in 2005.
South Korea ranks 85th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Registering property: Cost (% of property value) in South Korea, year by year
| Year | % of property value | Change |
|---|---|---|
| 2004 | 6.1% | — |
| 2005 | 5.1% | -16.4% |
| 2006 | 5.1% | +0.0% |
| 2007 | 5.1% | +0.0% |
| 2008 | 5.1% | +0.0% |
| 2009 | 5.1% | +0.0% |
| 2010 | 5.1% | +0.0% |
| 2011 | 5.1% | +0.0% |
| 2012 | 5.1% | +0.0% |
| 2013 | 5.1% | +0.0% |
| 2014 | 5.1% | +0.0% |
| 2015 | 5.1% | +0.0% |
| 2016 | 5.1% | +0.0% |
| 2017 | 5.1% | +0.0% |
| 2018 | 5.1% | +0.0% |
| 2019 | 5.1% | +0.0% |
South Korea compared with similar countries
- South Korea's 5.1% is above the median for high income countries, which is 4.2%, 1.2× the median. (62 countries reporting)
- South Korea's 5.1% is above the median for East Asia & Pacific, which is 4.3%, 1.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 5.1% | 6.1% | 6 |
| 2010s | 5.1% | 5.1% | 5.1% | 10 |
Countries ranked near South Korea
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 62.1% (2025)
- Merchandise imports 631.89 billion current US$ (2025)
- Commercial service imports 183.44 billion current US$ (2025)
- Food exports 1.7% (2025)
- Manufactures exports 88.0% (2025)
- Merchandise exports 709.33 billion current US$ (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
Frequently asked questions
- What is registering property: cost in South Korea?
- Registering property: cost in South Korea was 5.1% in 2019, according to the World Bank.
- What is the highest registering property: cost recorded in South Korea?
- The highest recorded value was 6.1% in 2004.
- What is the lowest registering property: cost recorded in South Korea?
- The lowest recorded value was 5.1% in 2005.
- How does South Korea rank for registering property: cost?
- South Korea ranks 85th out of 187 countries with data for 2019.
- Is registering property: cost rising or falling in South Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Registering property: Cost (% of property value). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost is the total of official costs associated with completing the procedures to transfer the property, expressed as a percentage of the property value, assumed to be equivalent to 50 times income per capita. It is calculted as a percentage of the property value. Only official costs required by law are recorded, including fees, transfer taxes, stamp duties and any other payment to the property registry, notaries, public agencies or lawyers. Other taxes, such as capital gains tax or value added tax, are excluded from the cost measure. Both costs borne by the buyer and the seller are included. If cost estimates differ among sources, the median reported value is used.