Government steps in to boost population amid expensive apartments in Seoul

South Korea’s rental market operates on what’s known as the Jeonse system. You put down a deposit equal to about 50% of the value of the home you’re renting. So, no small investment. But then, you pay no monthly rent, and get the Jeonse back when you move out. Traditionally, middle and upper class families gave newlyweds money for their first Jeonse as a wedding gift. But with skyrocketing real estate costs, the system is out of reach for more and more people. Now, concerns about South Korea’s declining birthrate have prompted a new government intervention. Reporter Jason Strother reports from Seoul.