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Housing
Rental types, your rights as a tenant, and keeping your deposit safe.
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Types of Rental
- GuideHow Renting Works in Korea: Jeonse, Wolse and BanjeonseKorean leases pair a refundable deposit with rent: wolse (deposit + rent), jeonse (huge deposit, no rent) or banjeonse. Terms, agent fees and tenant basics.
- ArticleJeonse vs Wolse: Which Korean Rental Deal Makes Sense for Foreigners?Wolse means a deposit plus monthly rent. Jeonse means one huge deposit and no rent. At a 5% conversion rate, each extra ₩10 million of deposit should cut rent by about ₩41,700 a month. How to compare offers and when a bigger deposit is worth the risk.
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Open Deposits & Tenant Rights →Deposits & Tenant Rights
- GuideYour Rights as a Tenant: The Housing Lease Protection ActKorea's Housing Lease Protection Act gives foreign tenants a 2-year minimum, one renewal with a 5% cap, and deposit priority once you register your address.
- GuideJeonse Deposit Insurance (HUG) for ForeignersForeign residents can buy HUG's jeonse deposit return guarantee. Limits: ₩700M in the Seoul area, ₩500M elsewhere; apply before half the lease term passes.
- ArticleProtecting Your Rental Deposit in Korea: Registry Check, Move-In Report and Fixed DateBefore paying a Korean rental deposit, read the building registry (등기부등본), then on move-in day report your address and get a fixed date (확정일자) on your lease. These three steps put you in line to get your deposit back. A checklist for foreigners.
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