A revision was pre-announced, which restricts the current increase rate of 9% to 5% for rent and deposits for tenants.
Lawyer Jong-Sik Woo at Law Firm GyuOne introduced this at the recently pre-announced ‘Revision Bill to the Law for Protection of Commercial Building Tenants.’
In detail, the amount of deposits(deposits + monthly rent) applied to the law is ‘Under KRW 600 million -> Under KRW ...
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