Korean Job Discussion Forums

[jenwil1999]

Ok, so my understanding was that 5 mill key money is worth 50,000 per month. Therefore, if your deposit is 10 mill and your rent is 600,000, you could opt to change that to 15 mill and 550,000. Or possibly even 5 mill and 650,000.

However, I know things have been changing. Rent's going up, investments are down, etc.

So, what's the conversion right now? Is 5 mill worth 50,000? Or is 5 mill worth 100,000?

[Slowmotion]

I'm not sure if it's just the Gangnam area, but I know 10,000,000 won of key money used to get you 100,000 off of key money a month. However recently I talked to a real estate agent and she told me because of some problems related to Jeonse that lately it's only 50,000 a month off of the rent.

[jenwil1999]

See, now that's what I thought.

Problem is, I'm in the opposite situation. I need to reduce my key money by 5 mill, but they're saying I have to pay 100,000 a month more. I can't see any way that figures out right...... by your calculation, my rent should only be 25,000 more....

[Slowmotion]