1h 8 min
Episode 46: Wait, What Did You Jeonse? (Housing) Korean. American. Podcast
-
- Diarios personales
This week Jun and Daniel discuss the housing payment system of jeonse (전세), or key money deposit, that is unique to South Korea amongst all OECD countries. Roughly 50% of renters in Korea are living with a jeonse, and in 2022 the average jeonse price in Seoul was $500,000. For the first few months after moving to Korea, Daniel had to ask almost every Korean person he met about the jeonse system, because of how foreign and unsustainable it seemed. What is a jeonse, and how does it work? What a...
This week Jun and Daniel discuss the housing payment system of jeonse (전세), or key money deposit, that is unique to South Korea amongst all OECD countries. Roughly 50% of renters in Korea are living with a jeonse, and in 2022 the average jeonse price in Seoul was $500,000. For the first few months after moving to Korea, Daniel had to ask almost every Korean person he met about the jeonse system, because of how foreign and unsustainable it seemed. What is a jeonse, and how does it work? What a...
1h 8 min