Landlords in South Korea are responding to the changing market environment by either charging a monthly rental or asking for a substantially higher deposit. Photo: Bloomberg

Low interest rates prompt switch from deposit-based rentals in South Korea

Traditional leasing system going out of fashion as landlords seek higher returns, shifting more money into circulation and helping to lift economy

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Landlords in South Korea are responding to the changing market environment by either charging a monthly rental or asking for a substantially higher deposit. Photo: Bloomberg
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