“South Korean ‘Jeonse’ tenants, accustomed to rent-free living, affected by property market slump”
2023-02-21
South Korea’s unique “jeonse” rental system, which allowed tenants to live rent-free for two years by putting up a deposit worth as much as 70% of a home’s value, is facing challenges as home prices have fallen by 12% and jeonse prices have fallen by 7% over the past twoContinue Reading