South Korea will launch the Jeonse-Wolse Safe Trust next month to let tenants use jeonse-style leases while landlords receive monthly investment returns. Under voluntary three-party contracts, the Korea Housing & Urban Guarantee Corporation (HUG) will convert eligible monthly-rent homes into jeonse leases, hold and invest tenants’ deposits, and return the principal at the end of the lease while paying the investment proceeds to landlords. The program initially covers homes valued at up to 2 billion won, with checks for building-code violations and excessive deposits relative to market value, and aims to support 500 young adults without homes this year. Tenants who meet income and other requirements may use Housing and Urban Fund or commercial-bank jeonse loans at rates of about 3% to 4%, below market jeonse-to-monthly-rent conversion rates of 5% to 6%. Detailed procedures, contract terms and applicable return rates are due in a late-September notice, with phased move-ins beginning late this year. The government is also considering tax incentives to attract landlords, including a rental-income tax rate below the current 14% and higher deductions.