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#korea-real-estate

2 articles Reset

Korea

Jeonse전세5 min

Jeonse: The Giant Deposit That Holds Up Korean Housing

Jeonse (전세): handing over 60% of a property's value and paying no rent. How this uniquely Korean system works, why it produced the deposit fraud crisis, and why it is retreating.

August 24, 2026Read

Korea

Banjiha반지하5 min

Banjiha: Korea's Semi-Basement, Before and After Parasite

Banjiha (반지하), the Korean half-basement flat: its origin in a 1970 defence rule, its 1984 legalisation, Seoul's 200,000 households, and the plan launched after the 2022 floods.

August 19, 2026Read