Leasehold Registration Order: Moving Out Without Losing Your Deposit
If your Korean lease ended but the deposit was not returned, a court leasehold registration order preserves your priority rights so you can move out safely.
Archive
All Posts 101 posts
Korea 1-Home Capital Gains Exemption: 2-Year Rule and 1.2B Line
A single-home household is exempt with 2 years of ownership (2 years of residence in regulated areas) and a sale price under 1.2 billion won. Here is the apportionment formula for the excess and the 80% long-term deduction, worked through examples.
Monthly Rent Tax Credit in Korea: Who Qualifies and How Much
Korean renters earning up to 80 million won a year can claim 15-17% of annual rent (capped at 10 million won) as a tax credit - up to 1.7 million won back.
Calculating Korea’s Acquisition Tax: Rates by Home Count and Price
Korea's acquisition tax (chwideukse) hinges first on how many homes your household will own after the purchase, not how many you own now. One home: 1–3%; a second in a regulated zone or a third elsewhere: 8%; above that: 12%.
Apartment Resale Restriction Periods by Region and Type
Resale restrictions on apartment pre-sale rights run within a 10-year cap, split by region and type. Metro-area speculation zones and price-cap public land face 3 years, metro-city urban areas 6 months, and elsewhere none.
Fixed Date vs. Move-in Report: The Order That Protects Your Deposit
In a Korean lease, the power to protect your deposit begins at midnight the day after your move-in report. Here is when opposing power, priority, and minimum priority repayment take effect — and how a same-day bank mortgage flips the order.
Korea's Jeonse-to-Wolse Conversion Rate: Formula and Legal Cap
Converting a jeonse (lump-sum deposit lease) into wolse (monthly rent) uses a conversion rate: monthly rent times 12, divided by the converted deposit. The legal cap is the Bank of Korea base rate plus 2%. Here are the formula and worked examples.
Seller Financing (Seller-Held Mortgage): The Loan-Rule Blind Spot
Seller financing is when the seller lends the unpaid balance and registers a mortgage (geunjeodang) in their own name at transfer. Because it is a private debt between individuals, it is not directly bound by LTV/DSR loan limits.
LTV, DTI, DSR — The Calculation Order That Determines Your Loan Limit
LTV measures against property value, DTI against mortgage principal and interest, DSR against all loan payments — the actual limit is whichever of the three is smallest. Adding Stress DSR cuts the limit by about 16%.
Does an Officetel Count as a Property? Tax and Subscription Rules
The answer depends on the tax type. For subscription purposes it is not included; for acquisition tax, units acquired after August 12, 2020 are included; for capital gains tax, actual use determines the count.