South Korea’s Rental Market Sees Record Shift Toward Monthly Leases

SEOUL, Jan. 30 (Korea Bizwire) —  The share of monthly rental contracts in South Korea’s housing market reached a record high in 2024, nearing 60% of all lease agreements, as rising interest rates and concerns over rental fraud (in particular jeonse frauds) accelerated the transition away from traditional lump-sum deposits. According to data from the Supreme [...]