Chinese investment in foreign real estate and its interactions with the host state and society: The case of Jeju, South Korea

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3 Citations (Scopus)

Abstract

Since the early 2000s, a great tide of Chinese “go outside” (zouchuqu), or outbound foreign investment, has happened in many regions and industries of the world. Among these, real estate has emerged as one of the most rapidly increasing outbound investments from China in the 2010s. As a result, Chinese investors, both enterprises and individuals, have had an extensive and growing impact on host states and societies, which are largely developed and democratic. This study analyzes the multifaceted interactions between Chinese foreign real-estate investors and host states and societies using the case of Jeju Province in South Korea from 2010 to 2018. More specifically, it analyzes the responses of the host country’s national and local governments, as well as its grassroots civil society, to the soaring and often unconstrained Chinese investment in its real estate, focusing on the role of a host country’s democratic institutions.

Original languageEnglish
Pages (from-to)49-70
Number of pages22
JournalPacific Affairs
Volume92
Issue number1
DOIs
Publication statusPublished - 2019 Mar

Bibliographical note

Funding Information:
Wooyeal Paik is an associate professor at the Department of Political Science and International Studies, Yonsei University. Specializing in comparative politics and international relations, his recent research focuses on comparative political regimes, political economy, and state-society relations in China and Asia as well as their interactions with international politics. Email: wypaik@yonsei.ac.kr Acknowledgement: This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2015S1A5A8016912) and in part by the Yonsei University Future-leading Research Initiative of 2017 (RMS2 2017-22-0057).

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Sociology and Political Science

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