Do the two sides split it?

No. Seller and buyer, and landlord and tenant, each pay this amount.

Why is rent multiplied?

A 10 million won deposit and 500,000 won rent become 60 million won. The factor 70 is used only under 50 million won.

A sale under 50 million won stops at 250,000 won. A lease under 50 million won stops at 200,000 won.

No. It is calculated only in this browser.

Home Brokerage fee

Applies the housing rate table, the rent conversion, the small-deal cap, and officetel or shop rates.

Property Price or deposit VAT

Cap: The figure is a legal cap. It can be agreed below that cap, and a higher charge is unlawful.
Sale: A home sale is 0.6 percent under 50 million with a 250,000 won limit, 0.5 percent under 200 million with an 800,000 won limit, and 0.4 percent under 900 million.
Lease: A home lease is 0.5 percent under 50 million with a 200,000 won limit, 0.4 percent under 100 million with a 300,000 won limit, and 0.3 percent under 600 million.
Rent: Monthly rent converts as deposit plus rent times 100. If that is under 50 million won, rent is multiplied by 70 instead.
Limit: A 49 million won sale is 294,000 won at 0.6 percent, but the 250,000 won limit becomes the fee.
VAT: Standard VAT of 10 percent or simplified VAT of 4 percent is added on top. Each side pays its own fee.

A 300 million won home sale with standard VAT is a 1,200,000 won fee plus 120,000 won of VAT, 1,320,000 won.

The table follows the Seoul ordinance cap. Another city or province can differ.

A qualifying officetel is 0.5 percent on a sale and 0.4 percent on a lease. Otherwise it uses the 0.9 percent shop and land cap.

A 300 million won home sale at 10 percent VAT is capped at 1,320,000 won.

A 10 million won deposit and 500,000 won rent convert to 60 million won and a 240,000 won fee at 0.4 percent.

Entered300,000,000

QDo the two sides split it?: ANo. Seller and buyer, and landlord and tenant, each pay this amount.
QWhy is rent multiplied?: AA 10 million won deposit and 500,000 won rent become 60 million won. The factor 70 is used only under 50 million won.
QIs there a hard limit?: AA sale under 50 million won stops at 250,000 won. A lease under 50 million won stops at 200,000 won.
QIs it saved?: ANo. It is calculated only in this browser.