(1) Parties that intend to enter into a contract (including any pre-engagement; hereinafter referred to as "land transaction contract") on the transfer or establishment (limited to the transfer or establishment in return for consideration) of the ownership or superficies (including the right aimed at acquiring the ownership or superficies) over the land located within an area subject to permission shall jointly obtain permission from the head of a Si/Gun/Gu, as prescribed by Presidential Decree. The same shall also apply to intended alterations to permitted matters.
(2) Notwithstanding paragraph (1), permission under paragraph (1) is not required in any of the following cases: <Amended on Apr. 18, 2023>
1. Where parties intend to enter into a land transaction contract for any land not exceeding the area for each use prescribed by Presidential Decree comprehensively considering the trends of economy and land prices, the unit area for transaction, etc.;
2. Where a party intending to enter into a land transaction contract or the land subject to such contract does not fall under the matters publicly announced pursuant to Article 10 (3).
(3) A person who intends to obtain permission under paragraph (1) shall file an application for permission stating the terms and conditions of the relevant contract, a land use plan, a funding plan for the purchase, etc. with the head of a Si/Gun/Gu. In such cases, matters to be included in the land use plan, the funding plan for the purchase, etc. shall be prescribed by Ministerial Decree of the Land, Infrastructure and Transport; provided, where a funding plan submitted to the head of a Si/Gun/Gu is altered, the details of such alteration may be submitted to the head of the Si/Gun/Gu by the registration date of the land acquired.
(4) Upon receipt of an application for permission filed under paragraph (3), the head of a Si/Gun/Gu shall decide on permission or non-permission within the processing period provided for in the Civil Petitions Treatment Act, and issue a permit to the relevant applicant, or notify the relevant applicant of the grounds for non-permission in writing; provided, where the advance-sale consultation procedures are under way pursuant to Article 15, he or she shall inform the relevant applicant of such fact within the aforementioned period.
(5) Where no permit is issued nor any notification of the grounds for non-permission or advance-sale consultation is given within the period referred to in paragraph (4), permission under paragraph (1) shall be deemed granted on the date following the expiration of the relevant period. In such cases, the head of a Si/Gun/Gu shall issue a permit to the relevant applicant without delay.
(6) No land transaction contract entered into without permission under paragraph (1) shall take effect.
(7) Methods of computing the area of land referred to in paragraph (2) 1 and other necessary matters shall be prescribed by Presidential Decree. <Amended on Apr. 18, 2023>