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Young Koreans’ Rental-related Loans Near 100 tln Won

SEOUL, Aug. 16 (Korea Bizwire) — The outstanding amount of “jeonse” home rental loans among young people rose sharply this year, a lawmaker said Monday. South Koreans in their 20s and 30s hold 96.36 trillion won (US$73.3 billion) in debt issued to pay for deposit-based rental homes, said Rep. Jin Sun-mee of the Democratic Party, [...]

Number of Foreign Home Rental Biz Operators Nears 2,400

SEOUL, Sept. 27 (Korea Bizwire) — Nearly 2,400 foreigners are engaging in the home rental business in South Korea, with Chinese nationals accounting for more than one-third of the total, government data showed Monday. The number of foreign home rental business operators in Asia’s fourth-largest economy stood at 2,394 as of the end of June [...]