So, I'm looking at the lock on the door to my new place wondering how the heck it works. The back ground I can give you is this. This is the lock, I'm looking at:
http://www.hisecuer.com/eng/application06-08.html
The lock, is a flatish cylinder with a narrow slot in the side of it. The key looks like a dog tag. A flat metal oval with a hole in one end for a ball chain. I think they're meant to have a piece of plastic glued to one side, but most have fallen off. The lock itself doesn't appear to be wired,eletricity wise. They're made by a Korean company which you'll see if you go to the index page of that website.
So how does it work? Magnetic is my guess, but specifics I'm afraid I don't see.