"Imagine handing your landlord $300,000, living in his house for two years without ever making a rent payment, and then getting the full $300,000 back when you move out.
Did you just live there for free?
Millions of renters in South Korea would tell you no. Under Korea’s jeonse rental system, that is exactly how a lease works: Instead of monthly rent, the tenant hands over a lump-sum deposit—typically 50% to 80% of the property’s value—and receives it back in full at the end of the lease."
- Athan Clark