Seoul, South Korea Rental market remains stable with demand exceeding supply in popular locations Property Trends Good to Know Popular Locations Sirva Tips Jeongse system, Wolse system, and Rental system are Upfront payment of 1 million to 5 million won is Hangangro and Banpo Assignees should place a down payment or a the three possible rental systems in Korea. Most required to secure the property. holding deposit as soon as possible. A security properties on the market are under the Wolse system. Review the contract and ownership paper to deposit is required in the local rental market, and the deposit amount varies. Financial issues within the construction business and make sure that the landlord is 昀椀nancially stable prior to renting the apartment. landlords with heavy loans may have an impact on the Early termination of the rental agreement is real estate market. No early termination of lease allowed in most generally not accepted. Landlords tend to be more willing to negotiate on rent areas. Assignees should start their home search about two for properties situated in less popular areas. months before their desired move-in date. Any earlier and the landlord may be unwilling to wait. Assignees should start searching for properties 3 to 4 weeks before their move-in date for smaller properties with low deposit amounts of 10,000,000 to 30,000,000 won. Arrange to view several units before making a decision.