The Landlord Wants to Convert KRW 200M Jeonse to Monthly Rent

This is a summary of Korean tax and finance rules. The full article is available in Korean.Switch to Korean (KO)

When a landlord proposes converting a KRW 200 million jeonse (lump-sum deposit) lease to monthly rent, the tenant needs to understand the statutory conversion rate cap (base rate + 2%p under Korea's Housing Lease Protection Act). This scenario calculates the fair monthly rent, the real estate brokerage fee for the new lease contract, and the cost of jeonse guarantee insurance from three providers (HUG, HF, SGI) to protect the remaining deposit.

Related Calculators

→ Jeonse/Rent Conversion
→ Brokerage Fee
→ Jeonse Insurance

All calculations use 2026 official Korean government rates. Amounts are in Korean Won (KRW). Input data never leaves your browser.