Tag: tenant

tenant

Latest News

Homeplus goes dark: Retailer temporarily shutters every store as cash runs out

A week before a make-or-break court deadline, Homeplus halts operations nationwide after its top creditor refused emergency funding.

2026.7.13

Apartments seen from Namsan Tower in central Seoul on May 14 [NEWS1]

Jeonse's weaknesses raise questions about system

Discovery of possibly fraudulent housing schemes is raising questions about the sustainability of jeonse.

2023.6.9

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Apartments are seen from Lotte World Tower in Jamsil, southern Seoul, on July 5 [NEWS1]

[WHY] Jeonse, and the reason behind so many Koreans' choice to forgo monthly rent

Imagine living in someone else’s apartment rent free. In many parts of the world, doing so would likely not be legally sustainable. But a large portion of the population in Korea are living in just that way, under the rental system called jeonse.

2022.7.9

The United Future Party’s seats are empty after the main opposition party walked out in protest of the jeonse reform legislation at the National Assembly in Seoul on Thursday. [YONHAP]

Assembly passes bills, but jeonse tenants feel pinch

Ms. Yim, who lives on a jeonse contract in an apartment in Seongsu-dong, western Seoul, said her landlord recently demanded an additional 120 million won ($100,000) in jeonse. Yim said she'll probably be forced to move.

2020.7.30

United Future Party lawmakers complain to Chairman Yun Ho-jung of the Legislation and Judiciary Committee about his attempt to hold a vote on controversial tenant protection bills without deliberation. [YONHAP]

DP readies controversial rent control bills for voting

The ruling party on Wednesday used its majority in the Legislation and Judiciary Committee to clear controversial bills to protect tenants by restricting landlords’ rights.

2020.7.29

Crowd gathered to protest against the government real estate regulations including higher taxation on the comprehensive real estate tax in central Seoul on Saturday. This is the second week that the protest took place. [YONHAP]

Tenant rights bills being rushed through by administration

The ruling Democratic Party (DP) and the government are pushing three pieces of legislation that will stabilize lease terms, conditions and rental rates themselves.The ruling party also raised concerns over foreign speculation.

2020.7.27

Tag: tenant

tenant

Latest News

Homeplus goes dark: Retailer temporarily shutters every store as cash runs out

Jeonse's weaknesses raise questions about system

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[WHY] Jeonse, and the reason behind so many Koreans' choice to forgo monthly rent

Assembly passes bills, but jeonse tenants feel pinch

DP readies controversial rent control bills for voting

Tenant rights bills being rushed through by administration