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Interest rate for leasehold deposit loans in South Korea from 3rd quarter 2022 to 4th quarter 2024

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Source

Release date

January 2025

Region

South Korea

Survey time period

Q3 2022 to Q4 2024

Special properties

based on outstanding

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Jeonse loan interest rate South Korea Q3 2022-Q4 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Jan 28, 2025

As of the fourth quarter of 2024, the interest rate for leasehold deposit, or "jeonse," loans in South Korea stood at *** percent. While the "jeonse" interest rate saw a significant increase between the third quarter of 2022 and the first quarter of 2023, it has since begun to decline. "Jeonse" is a rental deposit system unique to South Korea where tenants pay large amounts of money up-front in exchange for a two-year tenancy with little to no monthly rent.

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