@bloombergoriginals: #SouthKorea has a unique #rental system where tenants pay a deposit, often comprising life savings and sizeable bank loans. Landlords are then contractually obligated to refund the deposit at the end of the lease term. But cracks are showing in the system as landlords #default on them. Bloomberg’s Sangmi Cha explains how this is testing the country’s debt-fueled growth. #loans #rent

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Friday 14 July 2023 20:04:03 GMT