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Housing
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  • Accommodations
    • There are several different types of accommodations available in Korea. In addition, there are a few payment options available. Accommodations are usually made available through an intermediary such as a real-estate agent (부동산). Real-estate agents are not centrally organized, so apartment seekers should first decide upon their desired living area, and then contact a local real-estate agent. It is not advised to visit an agent without accompanied with a local resident. housing images
  • Payment Options
    Rent
    • Jeonsae (전세) is cash deposit system where the renter transfers a lump sum to the apartment owner for the duration of the lease period (1-2 years). The deposit can range from 15 million KRW (for one room apartment) to a few hundred million won (3-4 bedroom apartment -1500 square feet) in an upscale neighborhood.
    • Wolsae (월세) is most similar to the rental system in the United States; usually apartment owners will require the entire rent to be paid in advance unless a deposit it paid. The rent amount can range from 500,000 – 2M KRW per month.
    • Jeon-Wolsae (전월세) This hybrid combines the lump sum deposit and monthly rent. The higher the deposit, the lower the monthly rent fee.
  • Type of accommodations
    • Apartment
      • An apartment building often has more than 12 floors, forming an apartment complex with other apartment buildings. Large apartment complexes usually consist of a management office, stores to provide living necessities, sports facilities, playgrounds, underground parking, and security offices. Apartments can range in size from 50~150m².
    • House
      • Houses are a traditional type of residence built for one household. However, in city areas, many house owners prefer to remodel their house into multi household units, each with their own kitchen and bathroom, in order to rent out the extra units.
    • Villa (town house)
      • Villas are usually fewer than 5 floors. The cost of villas varies according to their class. Budget villas are called a terraced house in Korean, which has no management for security and maintenance. On the other hand, luxury villas are well organized with special staff for maintenance and security, and are targeted towards the rich. Similar to apartments, villas can greatly vary in size 50~150m².
    • Officetel
      • The name of "office-tel" is a compound word from 'office' and 'hotel.' Officetels are used as working places during the day, while at night they are used for lodging. Designed with a hotel-like atmosphere, officetels allow users to combine living and working without having to commute. They are popular among people running small businesses in downtown areas. Officetels range in size from 30-57m².
    • One-room (studio)
      • One-rooms are popular with college students or single people. The appearance of one-room buildings is similar to budget hotels. They usually consist of one large room that serves as the bedroom/living room with a small kitchen and a separate bathroom (with washing machine). One-rooms range in size from 16-30m².
    • Boarding House (home stay)
      • Boarding houses are usually found around colleges and universities. Boarding houses offer breakfast and dinner in addition to a private bedroom and a public bathroom.