Did you know?: A housing rental system Jeonse

Did you know?: A housing rental system Jeonse

by ChiHon Kim
Stripes Korea

South Korea is the only country that has a Jeonse(or Key Money Deposit), a housing rental system. Instead of paying a monthly rent to a landlord, the tenant pays a large key money deposit for the duration of the contract but no monthly rental fee.

 

 

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