🇰🇷 South Korea

Moving to Seoul

Korea runs two rental systems. Wolse is a deposit plus monthly rent and works much as renting does elsewhere. Jeonse is a very large lump sum — often most of the property's value — held for the term instead of rent, and returned at the end. Jeonse is where the money is, and it is also where a well-documented wave of fraud has left tenants unable to recover deposits from over-mortgaged properties.

A view of Seoul
Three to four weeks
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The one thing

Check the property register before any deposit. In Korea this is the whole ballgame.

Where to live

Neighbourhoods in Seoul

  • Hongdae & Yeonnam

    Young professionals, students

    Universities, nightlife, and the busiest streets in the city. Small units, good transport.

  • Itaewon & Hannam

    International arrivals, families

    The most international district, near the embassies, with the widest English-speaking clinics, shops and services. Itaewon is hilly and older; Hannam is quieter and among the most expensive addresses in Seoul.

  • Gangnam & Seocho

    Professionals

    Business district south of the river. Newer buildings, higher deposits, higher everything.

  • Mapo & Gongdeok

    Value seekers

    Central-adjacent, with four lines and the airport railroad at Gongdeok, and a step down in price from Gangnam for a similar standard.

  • Seongsu

    Creatives, start-up staff

    Old workshops and warehouses turned into cafés, studios and offices beside Seoul Forest, fifteen minutes from Gangnam on Line 2. Rents have climbed with its popularity, and weekends bring crowds.

  • Yeouido

    Finance and media professionals

    The finance island on the Han River, with a big riverside park for running and cycling. Quiet once the offices close, and much of the apartment stock is older than the towers suggest.

What it costs to rent

Indicative rents

Wolse: a deposit plus monthly rent. A larger deposit buys a lower monthly figure, and the two are openly traded off.

  • Officetel / one-room, monthly₩700,000 – ₩1,200,000
  • Typical wolse deposit₩10,000,000 – ₩50,000,000
  • Two-bed apartment, monthly₩1,500,000 – ₩3,000,000

Indicative only · last checked · your Insider confirms before you commit.

What catches people out

  • Jeonse fraud

    Where the deposit approaches or exceeds the property's real value, and the owner is over-borrowed, the money cannot be returned when the term ends. Thousands of tenants have been caught. Read the property register before you commit anything.

  • The registry extract is not optional

    The deungibu deungbon shows the owner, the mortgages and any seizures against the property. It costs almost nothing to pull and it is the single most protective thing you can do in Korea.

  • Confirm the person signing owns it

    Match the name on the register to the identification of the person in front of you. Agents are licensed; verify the licence too.

After the keys

The admin that follows a move

On Premium, your Insider does this with you rather than sending you a checklist.

How long a move to Seoul takes. Three to four weeks, plus time to check the register properly. Do not compress that part.

LanguageKorean for leases and district offices. English support varies sharply. Your Insider works with you in English and negotiates on your behalf in whatever the lease is written in.

Pricing for Seoul

What a move to Seoul costs

These are the fees in Seoul, published before you start, in euros. No commission on your rent, no percentage of the lease, no success fee.

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    €649flat fee · Seoul
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    €1,450flat fee · Seoul
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