Seoul No Singapore as Korea Housing Bears Raise Rents

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.