Korea's Lease Reporting Rule: 30-Day Deadline and Fines
In Korea, a housing lease with a deposit above KRW 60 million or monthly rent above KRW 300,000 must be reported within 30 days. Since June 1, 2025, late reports cost KRW 20,000 to 300,000.
Check housing rules, lease terms and costs before making your next move.
Clara Hayes
Clara covers leases, housing applications and costs, checking local and date-specific conditions in notices, legislation and public housing guidance.
In Korea, a housing lease with a deposit above KRW 60 million or monthly rent above KRW 300,000 must be reported within 30 days. Since June 1, 2025, late reports cost KRW 20,000 to 300,000.