Rental Reporting in Korea – What Foreigners Need to Know in 2025
Starting June 2025, foreigners renting in Korea must report lease contracts or face fines. Learn who must report, how to file, and what exceptions apply. Starting June 1, 2025, individuals who fail to report their lease contracts in Korea may face fines of up to KRW 1 million (approximately USD 700). This guide explains Korea’s updated rental reporting regulation – who must report, how to report, what properties are included, and what exceptions may apply. If you're a foreigner renting or leasing in Korea, this guide will help you understand your obligations clearly and avoid penalties. Table of Contents 1 What Is Korea’s Lease Reporting System? 2 What Types of Properties and Areas Are Covered? 3 When Does Reporting Become Mandatory? 4 Are There Any Exceptions? 5 How to Report Your Lease (Step-by-Step) 6 What Are the Penalties? 7 Frequently Asked Questions (FAQ) 1 What Is Korea’s Lease Reporting System? The Lease Reporting System (Jeonwolse Singoje) requires landlords a...