When converting during a lease or at renewal, Korean law caps the conversion rate at the Bank of Korea base rate plus 2 percentage points.
How it works
- Monthly rent = deposit converted × rate ÷ 12
- Legal cap = min(10%, base rate + 2%p) = 5.0% now
Results are estimates for reference only. Please confirm important decisions with the relevant authority or a professional. · Bank of Korea base rate 3.00% (Oct 22, 2026)