Statutory Jeonse-to-Monthly Rent Conversion Rate
This is a summary of Korean tax and finance rules. The full article is available in Korean.Switch to Korean (KO)
Korea's Housing Lease Protection Act caps the conversion rate at the Bank of Korea base rate plus 2 percentage points or 10% annual, whichever is lower. This guide explains when the cap applies, how it tracks interest rate changes, and what tenants should watch for.
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All calculations use 2026 official Korean government rates. Amounts are in Korean Won (KRW). Input data never leaves your browser.