Median jeonse price for offices South Korea 2023, by region
As of April 2023, Seoul had the highest per unit jeonse price for office spaces with a median value of around 6.14 million South Korean won. This was approximately 1.8 million won higher than the median for the whole country. Jeonse is a unique housing leasing system in South Korea where a large sum is paid upfront to the landlord for an agreed rental period usually lasting two years. The deposit is returned to the tenants at the end of this contract.