Seoul No Singapore as Korea Housing Bears Raise RentsSeonjin Cha
Kim Joon Hyung met more than 20 realtors and searched for months to find a place to rent in Seoul. In July, he finally signed a two-year contract on a two-bedroom apartment that requires him to make monthly payments, a rarity in South Korea where landlords and tenants have favored a century-old method of lump-sum deposits to lease homes.
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