' ( ; ), also known as chŏnse, key money deposit or key money', is a type of lease or deposit common in the South Korean real estate market. Instead of paying monthly rent, a renter will make a lump-sum deposit on a rental space, at anywhere from 50% to 80% of the market value, which is then returned at the end of the lease term. The owners make profit from reinvesting the deposit, instead of receiving the monthly rent. It is also possible to combine a lower deposit with a small monthly rent; this is known as ().
' ( ; ), also known as chŏnse, key money deposit or key money', is a type of lease or deposit common in the South Korean real estate market. Instead of paying monthly rent, a renter will make a lump-sum deposit on a rental space, at anywhere from 50% to 80% of the market value, which is then returned at the end of the lease term. The owners make profit from reinvesting the deposit, instead of receiving the monthly rent. It is also possible to combine a lower deposit with a small monthly rent; this is known as ().
== Operation == involves the tenant giving the landlord a large sum of "key money" when a lease is signed. The amount of money required depends on the economy and the location of the property. Usually, the amount required is 50% of the property's value but can be as high as 60-80%. In 2014, it was reported that the average cost of a in Seoul equals almost $300,000 USD. The tenant is then allowed to stay in the property "rent-free", not requiring any additional monthly payments, until the end of the lease, which is usually 2 years. Utilities and other costs (water, gas, electricity, cable, phone, internet, security) are applied for and paid by the tenant.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).