(Notice) Announcement on reporting lease and 

monthly rent contract to your jurisdictional community center 

[CARDNEWS from Seoul Global Center]

Source : Seoul Global Center 

Guidelines for foreign residents living in Korea – Be sure to report the lease and monthly rent contracts made from last June (contract from 2021.6~)

The “Housing Lease Reporting System” has been in effect since June 1st of last year(2021).

Any sum that exceeds a deposit of 60 million KRW or a monthly rent of 300,000 KRW is subject to report to your jurisdictional community center within 30 days of the contract. Considering the early stages of implementation, the fines have not been issued, but this exemption will end this coming May 31st, 2022, so be sure to report any contracts that are subject for filing that was signed from June 2021. *Either a landlord or a tenant can report

Reports can be made at the local community center, or online by accessing the Real Estate Transaction Management System. Contact your jurisdictional community center or gu-office below for report details. 

Inquiry (to your jurisdictional Gu-office below or contact your jurisdictional community center): https://www.mois.go.kr/eng/sub/a03/citiesProvinces/screen.do  

Source : Seoul Global Center and Media Hub Seoul

https://mediahub.seoul.go.kr/archives/2004031