South Korea's 'Jeonse' Housing Declines, People Turn to Monthly Rentals Facing High Rents
NQ Score
0/100
N1 Content Completeness
5
AI Summary (NQ-processed)
In Seoul's rental market, South Korea's unique 'Jeonse' system is declining due to surging deposits, leading residents to switch to monthly rentals with high costs. This trend is exacerbated by a shortage of new apartments and an increase in 'Jeonse fraud'.