<Anchor> It is the

previous set price that is as insecure as the house price recently. For the tenants who are worried about raising their rent over the next year or fearing to vacate their homes two years later, the'Rental Car Protection Act' has been proposed one after another.

Reporter Jeong Seong-jin reports.

<Reporter>

Moon Eun-ok, who has been in Seoul for six years, has already moved in four times.

[Moon Eun-ok/Seoul-year-old tenant: I always live an uneasy life because I don't think it's my home. The landlord gave me a new contract without raising the deposit, but I don't know if this luck will come to me again.]

In order to ease the anxiety of these tenants, amendments to the Lease Protection Act were initiated around the ruling party.

The main content is to allow the tenant to extend the contract for two more years, and to increase the rent within 5%, but even a law was proposed to guarantee the renewal of the contract indefinitely unless there is a special reason for the tenant.


Then, before the introduction of the cheonsei rent ceiling, voices of concern were raised that it would be more difficult for landlords to raise rents and find rent.

[Professor Chang-moo Lee/ Urban and Real Estate Economics Lab, Hanyang University: (in the pre-history) It works in such a way as to accelerate the monthly rent (conversion) phenomenon, and the effect of reducing the supply of private rental housing to society as a whole... .]

There is even criticism that it is anti-market, especially for the'indefinite charter' bill.

However,'indefinite lease' is a system that is being implemented in Europe and Japan as well, and the revised lease protection law makes it difficult to argue that if the rent to cheonsei price stabilizes, the housing price will stabilize and the incentives for gap investment will decrease.

[Choi Eun-young/Director of the Korea Urban Research Institute: I think it is an important step in the direction of solving the housing problem of all of us through the stability of the tenants as well as the stability of the tenants' housing.] As it is the

ruling party's general election, it is possible that the lease protection law will be revised. This is high, but it is highly likely to be implemented sequentially from the rent to cheonsei reporting system, which is the basis for the adoption of the contract renewal system and the cheonsei rent ceiling.

(Video coverage: Heung-sik Kim, Dong-hyeok Yoo, video editing: Yu-mira)

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