LTV vs DTI vs DSR in Korea: Which One Actually Sets Your Limit
Of Korea's three mortgage ratios, DSR usually decides the number. Running one case through a 40% LTV, the KRW 600m price-band cap and a 40% DSR shows which gate closes first.
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Policy & Rates 76 posts
Korea's Property Holding Tax: The 1.2bn Won Deduction and 60% Ratio
A single-home household pays no jongbuse (comprehensive real estate holding tax) below 1.2 billion won in assessed value, and only 60% of the excess enters the tax base. A 2bn-won home computes to 2.76 million won. Every step calculated.
Korean Acquisition Tax: The 1–3% Sliding Rate and First-Home Relief
Acquisition tax on a home runs 1% up to 600 million won and 3% above 900 million. In between it is a straight line, not a step — 1.67% at 700 million, before local education tax and the first-home deduction.
Korea's Monthly Rent Tax Credit: the 80M-Won and 17% Thresholds
Korea's wolse (monthly rent) tax credit returns 15–17% of rent up to 10 million won a year for renters earning under 80 million. The cap bites at 833,000 won a month.
Jeonipsingo vs Hwakjeongilja: Protection Starts at Midnight
Filing a jeonipsingo (resident registration move-in report) does not protect a tenant that same day — the effect begins at 00:00 the next day. If a mortgage is registered in that gap, the bank ranks first. Includes the arithmetic behind Seoul's 55 million won priority payout.
Reading a Korean Property Register: The Maximum Claim Number
The chaegwon-choegoaek on a Korean property register is a ceiling, not the loan balance. At the usual 120% setting, the principal is that figure divided by 1.2. On a 600 million won home with a 120 million won ceiling, the safe deposit line works out to 300 million.
Korea's Newborn Special Loan: 400m Won Cap, 1.8% Floor
Korea's newborn special didimdol loan caps out at 400 million won at a fixed 1.8–4.5%, for households with combined income under 130 million won (200 million for dual earners). Here are the monthly payments by income band.
Korea's Rent Conversion Cap Hits 4.75% After a Rate Hike
The statutory cap on converting a jeonse deposit into monthly rent rose from 4.5% to 4.75% after the Bank of Korea lifted its base rate to 2.75% in July 2026. Cutting a 300 million won jeonse to a 100 million won deposit caps rent at 791,667 won a month.
Korea Cuts Housing Co-op Land Threshold to 80%: What Changes
Korea will lower the land-ownership requirement for jiyeok jutaek johap approval from 95% to 80%. On a 10,000 sqm site, that quadruples the area left to compulsory purchase — from 500 to 2,000 sqm.
Korea's September Property Tax: Splitting the Bill in Half
Housing property tax in Korea is billed in two halves, in July and September — unless the base tax is 200,000 won or less, in which case July settles it. Worked calculations for assessed values of 300m, 500m and 800m won.