9/24 Housing Market

Talk about the housing market in Korea.

The housing market in Korea has been in a slump for the past few years. There were less and less people who wanted to buy house as the economy was bad. More people wanted to rent a house or an apartment instead. As more people opted to sign a lease contract, rent prices rose sharply. That became a huge burden on households. Meanwhile, there are two ways of leasing a home in Korea. One is wolsae, which is a monthly rent system. The other is jeonsae. This is when you pay a lump-sum deposit at the beginning of the lease contract and don't pay a monthly rent.

@ Speaking Tips: lease vs. lease contract

임대 vs. 임대 계약(서)

차량이나 집 등을 임대한다고 할 때 흔히 쓰는 말은 lease이다. '임대 계약(서)'을 지칭할 때 쓸 수 있는 영어 표현은 lease contract이다.

@ There are signs of recovery recently.  요즘 들어 회복의 조짐이 있어.