Jeonse-Monthly Conversion Calculator

🔄 Jeonse-Monthly Conversion Calculator

Convert a Jeonse (lump-sum) deposit to monthly rent, or vice versa. The default rate is South Korea's statutory cap as of July 2026 (BOK base rate 2.5% + 2.0pp = 4.5%), and can be edited.

Jeonse Deposit (10,000 KRW units)

Monthly Rent Deposit (10,000 KRW units)

Conversion Rate (%)Defaults to Korea's statutory cap as of July 2026 (4.5%). Adjust to match your actual contract terms.

Frequently Asked Questions

How is the statutory conversion rate determined?

Under Korea's Housing Lease Protection Act Article 7-2, it's calculated as 'BOK base rate + a presidential decree rate (currently 2.0 percentage points)'. It changes automatically when the base rate changes.

Does this statutory rate apply to all Jeonse-to-monthly conversions?

No, it mainly serves as a cap when converting a deposit increase to rent during a renewal under the tenant's renewal right. New contracts often use a separately negotiated market rate instead.