Mean jeonse price of housing Seoul South Korea 2023, by housing type
As of November 2023, the mean jeonse price of housing in Seoul, South Korea amounted to around 423 million South Korean won. Jeonse is a unique housing leasing system in South Korea. A large sum is paid to the landlord for the rental period, which is usually two years. The deposit is returned to the tenants at the end of the two-year contract.