Jeju Investment Immigration Program for Tourism and Leisure Facilities: Comprehensive Guide to F-2 Visa and F-5 Permanent Residency with a 1 Billion Won Investment

Jeju Real Estate, a certified real estate agency, reports a high volume of inquiries regarding foreign investment and residency-related real estate in Jeju, particularly about the investment immigration program for tourism and leisure facilities. This program allows foreigners to obtain a resident visa (F-2) by investing over 1 billion won in Ministry of Justice-designated tourism and leisure facilities, with the option to transition to permanent residency (F-5) after a certain period. Although the program's operation has been extended until 2027, the market atmosphere has shifted compared to the past. When consulting, it is crucial to comprehensively consider the eligibility for the investment immigration program, the management condition of the real estate, its price, and potential rental income, rather than merely focusing on visa issuance. Foreign clients are increasingly interested in a broader range of real estate purposes beyond just investment immigration properties. Therefore, investment decisions in the Jeju real estate market should be made with caution.