jeonse system
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Jeonse vs Wolse: South Korea’s Unique Housing Lease Systems
Thinking of moving to Korea? You need to understand Jeonse and Wolse. These two systems—one requiring a massive lump-sum deposit, the other a traditional monthly rent—define the Korean housing market. We…
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Why South Korea’s Housing Market Defies the Cooldown
A Market Apart. While global real estate markets show signs of moderation, South Korea, particularly the highly concentrated Seoul Metropolitan Area, continues its stubborn climb. Despite unprecedented interest rate hikes and…
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