Is Airbnb legal in Seoul?

Airbnb hosting in Seoul, South Korea, involves various regulatory considerations designed to ensure that hosting activities comply with local laws and community standards. Here are the key points regarding regulations based on the data collected:

1. Business Registration: Starting from the end of 2024, hosts listing their spaces on Airbnb must submit business registration information and a business registration certificate. Existing listings must comply by the end of 2025. This step is crucial for legal operation within the city's framework.

2. Property Type Restrictions: Hosting in certain types of properties, like "officetels" (studio apartments classified as business facilities), is prohibited in Seoul. Violations can lead to penalties and removal from Airbnb.

3. Tax Obligations: Income generated from hosting is considered taxable, and hosts must ensure they are compliant with various taxes, such as income tax, VAT, and possibly others related to short-term accommodations.

4. Local Regulations and Permissions: Hosts must adhere to the Tourism Promotion Act and Building Act, which establish rules for accommodations open to foreign tourists. Different types of accommodations, such as urban and rural guesthouses, have specific regulations.

5. Safety and Compliance: Airbnb encourages hosts to follow safety procedures, including emergency contact information, fire prevention, and hazard management. Ensuring the safety of guests is a key aspect of responsible hosting.

6. Community Interaction and Courtesy: Hosts should communicate house rules, building regulations, and community customs to guests. Respecting neighbors' peace and ensuring that guests adhere to noise and parking regulations is vital.

7. Insurance Requirements: While Airbnb offers basic insurance coverage, hosts are advised to check with their insurance providers for adequate coverage suited to their specific property and hosting arrangements.

8. Legal Considerations: Contracts, leases, and community rules may restrict or forbid subletting or hosting. Hosts should review any agreements with property owners or landlords to ensure compliance.

In summary, prospective hosts in Seoul must navigate a complex landscape of taxation, registration, and community regulations. Failing to adhere to these rules might lead to significant consequences, including fines, deactivated listings, and legal liabilities.