Standard Chartered Expands Hedge Fund Access for Wealth Clients 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Google to Move All Pixel Production Out of China by 2027 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
REPAY Stock Rises After Visa Platform Connect Collaboration 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
Add as a preferred source on Google
Jeonse rates plummeted to a six-year-low in Seoul and Gyeonggi Province due to a rapid increase in apartment prices in the past few years.
The downtrend has been continuing for 16 months.
However, jeonse prices are expected to bounce back in the coming months with landlords prompted by the low-interest rates and fast-tightening property market.
According to data by KB Kookmin Bank, the jeonse rate in Seoul and Gyeonggi Province in April was 65.1 percent, the lowest since the price hit 64.4 percent in March 2014.
The rates in terms of the region were 54.7 percent in Seoul, 65.1 percent in Gyeonggi Province, and 73.1 percent in Incheon.
The rate in Seoul has been declining for the past year and four months.
The rate for Incheon, which was around 75 percent in 2019, has dropped to 74.7 percent in February, 73.6 percent in March, and 73.1 percent in April.
Data from the Korea Appraisal Board (KAB) pegged the rate in Seoul and Gyeonggi Province at 65.9 percent in April.
Korea has a unique situation where tenants pay a massive lump sum as a deposit, called jeonse, instead of the monthly rent. The housing deposit rate is measured against the market value of apartments.
The ratio is used as a gauge for forecasting the property market outlook.
According to the KAB, the median apartment price in Seoul slid from a record high of 839.5 million won in February, to 839.3 million won in March, and 836 million won in April.
