DAEJEON, Apr. 22 (Korea Bizwire) – A group of tenants who changed the door locks and re-entered their former apartments after failing to receive their security deposits were prosecuted for trespassing but were acquitted in both the first and second trials. According to legal insiders, in 2019, 11 residents, including an individual referred to only as [...]
SEOUL, July 31 (Korea Bizwire) — Laws designed to protect tenants went into effect on Friday as the government seeks to enhance tenants’ rights in the face of rising home prices. On Thursday, the National Assembly passed two of three bills aimed at protecting tenants. The new legislation on housing leases will allow tenants to [...]
SEOUL, Oct. 5 (Korea Bizwire) — A survey has found that 80,000 South Koreans own five or more housing units that are being rented out to tenants. According to an analysis by Liberty Korea Party Rep. Kim Sang-hoon of data provided by the Ministry of Land, Infrastructure and Transport (MOLIT), 6.14 million people owned a [...]