Do you want to live here?

So, as a native, I’ll tell you one thing you need to know: Never trust realtors or landlords. While not all landlords are like this (realtors are), you can bet that 95% of them are out to get you. Their greed is endless, and they feel no compunction about committing fraud. They believe that making money is the only way to go. The “jeonse” system, in particular, is a unique system unique to Korea, but don’t even think about it. Fraud using the debt-to-capital ratio is a common occurrence. Even Koreans fall prey to it, and since realtors are not legally responsible, they will do anything to secure unfair contracts. I know. Even I, a Korean, find this disgusting. Be careful not to fall for these scammers. Korea has the highest rate of fraud, and there’s always a danger of someone trying to rip you off.

submitted by /u/Black_Hair_Foreigner
[link] [comments]

Latest News from Korea

Latest Entertainment from Korea

Learn People & History of Korea