Real estate firms¡¯ entry barrier to lower

The government lowered the minimum capital requirement of real estate investment companies from 100 billion won to 50 billion won, and the change will be introduced from July next year.

Also, it will be further lowered for investment in real estate or rental properties in the provincial region other than the Seoul metropolitan area.

The Ministry of Construction and Transportation announced Tuesday that it has finalized a bill governing real estate investment companies through consultation with relevant ministries, and it will submit it to the National Assembly for an approval.

Sin Yeon-Su ysshin@donga.com