Apr 19, 2026 Eunyo Hwang en.sedaily.com In Seoul, South Korea, the average price of apartments for rent has surpassed 600 million won in 3 years and 4 months, according to public statistics. Due to economic inflation in diverse sectors—which include the skyrocketing price of oil—rent prices are increasing as well, gaining concern among Korean citizens. The rate is getting closer to the peak price of the ‘Jeonse crisis,’ and the price is anticipated to escalate substantially,