Jeonse ↔ Wolse Calculator
Korea's unique rental system lets you trade a bigger deposit for lower monthly rent. Convert between them and check the legal conversion cap.
Checked October 22, 2026 · Bank of Korea base rate 3.00%, legal conversion cap 5.0%
FAQ
What is jeonse?
Jeonse is a Korean lease where you pay a large lump-sum deposit (often 50–80% of the home's value) and no monthly rent. The full deposit is returned when you move out. Wolse is the familiar monthly-rent lease with a smaller deposit.
What is the legal conversion cap?
Under Korea's Housing Lease Protection Act, when part of a jeonse deposit is converted to monthly rent during a lease or at renewal, the yearly rate cannot exceed the lower of 10% or the Bank of Korea base rate + 2 percentage points. New leases are not covered.
Is jeonse safe for foreigners?
Jeonse involves a large sum, so check the property's registry for mortgages, get a fixed date (확정일자) on your contract, and consider jeonse deposit insurance from HUG or SGI before paying.