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Understanding South Korea’s #Jeonse System: A Unique Housing Model

South Korea’s jeonse (전세 傳貰) system is a distinctive housing arrangement that sets it apart from most other countries. Often called a “key money deposit” system, jeonse requires tenants to pay a large sum of money upfront to rent a property, which is fully refunded when the lease ends. In this post, we’ll explore how the jeonse system works, its benefits, potential risks, and why it continues to..

2024. 9. 23. 12:06