Business · Markets · 2 hrs ago
South Korea Farmland Deals Fall 37% in Third Quarter
Farmland transactions in South Korea fell sharply in the third quarter of 2026.
The reported drop in transactions in agricultural and forest areas was 37%.
The government began a nationwide farmland survey in May, and analysts say its effects are now showing in transaction figures.
Farmland deals slowed, contributing to a fall in total land transactions across the country.
Overall land transaction volume reached one of its lowest levels in recent years.
The figures were released by the Ministry of Land, Infrastructure and Transport and the Korea Real Estate Board on October 27.
Nationwide farmland transactions in South Korea fell 37% in the third quarter.
The decline followed a government-wide farmland survey that began in May.
An analysis cited in the article said the survey’s effects were beginning to show in transaction statistics.
Land transactions nationwide also fell to one of their lowest levels in recent years.
- Who
- The Ministry of Land, Infrastructure and Transport and the Korea Real Estate Board reported the figures.
- What
- Farmland transactions fell 37% in the third quarter.
- When
- The third quarter of 2026. The report was announced on October 27.
- Where
- Nationwide in South Korea.
- Why
- The article says the decline was attributed to the effects of a government farmland survey that began in May.
This story does not have two clearly opposing sides.
The government began a nationwide farmland survey.
The Ministry of Land, Infrastructure and Transport and the Korea Real Estate Board announced third-quarter land transaction figures.
- Farmland transaction change
- Down 37% in the third quarter
- Survey start
- May 2026
- Report announcement
- October 27, 2026
- Reporting bodies
- Ministry of Land, Infrastructure and Transport; Korea Real Estate Board