(1) A foreign nationality Korean who has reported the domestic place of residence shall have equal rights with a Korean national in the acquisition, possession, utilization, and disposal of real estate in the Republic of Korea other than the cases under Article 9 (1) 1 of the Act on Report on Real Estate Transactions, Etc.; provided, such activities shall be reported under Article 3 (1) and Article 8 of the Act on Report on Real Estate Transactions, Etc. <Amended on Jan. 19, 2016>
(2) Where a foreign nationality Korean who has reported the domestic place of residence either registers the real right concerning real estate in the real name, which is registered or will be registered in the name of title trustee under the title trustee agreement prior to enforcement of the Act on the Registration of Real Estate under Actual Titleholder's Name, or disposes of it by sale, etc. pursuant to Article 11 (1) and (2) of the Act on the Registration of Real Estate under Actual Titleholder's Name within one year after the enforcement of this Act, Article 12 (1) and (2) of the same Act shall not apply.[This Article Wholly Amended on Mar. 14, 2008]