The South Korean government is considering reducing tenants’ rights under two lease laws, including the abolition of the right to request lease renewal and a cap on rent increases. The Ministry of Land, Infrastructure, and Transport will hold a forum to discuss these changes, which critics argue could undermine tenants’ rights and housing stability. The proposed changes include raising the cap on rent increases from 5% to 10% and allowing local governments to manage lease renewals and cap rates according to local conditions.
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Auto-posted at: 2025-03-24 21:01:34