At issue here are perhaps xenophobia, reduction of Korean population homogeneity (albeit so slightly), and job competition. As a result, landlords prefer to lease or sell to Chinese investors rather than local tenants. The report also analysed the increasing influx of foreigners has caused the real estate market to soar. In 2015, Jejus average residential house sales price ($188.87 million) was up 33.2 per cent from 2013, more than six times the national rate of 5.1 per cent increase. Not only were local Jeju residents unable to afford the condominium units that were built in response to the provision, but they also drove up the overall real estate prices on the island. Chinese owners come perhaps once a year for vacation and to fulfill their presence on Jeju Island as required by the visa provision. 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The exact number of Chinese investors is unknown because some Chinese investors have purchased property through a third party or an agent to bypass registration with the Chinese government in an effort to hide overseas property (Lim, 2017) The Jeju Provincial government does not want to see the island being taken over by Chinese investors in the manner that the Japanese took over major properties in Honolulu in the late 1970s and early 1980s, but given the dynamic, questions arise about whether Jeju will turn into a Chinese paradise in 20 years as more and more investments and developments take place. stsConfig: 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