There are two costs that tenants must pay each month to own an office space in Seoul — rent and management fees. The management fee is sometimes referred to as a maintenance fee or service charge. These are simply different ways to describe the same concept that is present in all Korean rental contracts.   Management Fee Levels When mainly working with foreign tenants, many wonder why management fees are so high in Korea. To find the answer, you must first look at the rental information for vacancies in Seoul prime office buildings being marketed currently in April 2024. The management fees amount to 31-36% of the rental price. […]