“Peanut House” Fever All the Rage among Apartment Dwellers

SEOUL, Korea, Oct 25 (Korea Bizwire) – As of early October this year, the average “jeonse” price of apartments within the Metropolitan Seoul area has surpassed the 200-million-won level for the first time. Jeonse is a uniquely Korean, as well as Japanese, home lease scheme by which tenants pay a lump-sum deposit of typically 50-70 [...]