Finding a place to live
The deposit system is the most unfamiliar part for newcomers. Checking the property register before signing prevents most problems.
Typical cost: Monthly rental: deposit KRW 5-20 million plus KRW 400,000-900,000 rent, varying widely by area · Time needed: 1-3 weeks of searching
Steps
- Choose a housing type — Goshiwon and share houses need almost no deposit and allow instant move-in. One-room monthly rentals need a deposit; jeonse requires a large lump sum.
- Search listings — Check market rates on Zigbang, Dabang or Naver Real Estate, then view units through a licensed local agent.
- Check the property register before signing — Verify the owner name and any mortgages on the property. Send the deposit only to the registered owner.
- File a move-in report and fixed date — Legal protection for your deposit requires a move-in report and confirmed date. Do it right after moving in.
What to bring
- ARC
- Korean bank account
- Agent commission
- Copy of the lease
Good to know
- Ask for the lease to spell out what the maintenance fee covers.
- Ask whether deposit-return guarantee insurance is available for your contract.
Official sources
Visa, tax and legal rules change often. This page is general information — always confirm with the official bodies linked above.