CoiCoi

Before we talk about how to find a room, we have to know the general rental systems in Korea. In this post, two major rental system, Wolsae & Jeonsae (월세, 전세) are introduced, and the other ways to rent a room for students will be discussed. Wolsae/Jeonsae (월세/전세) Wolsae is a common rental system that exists in many countries. We sign monthly rent contract and pay a certain amount of money a month with deposits. However the deposit in Korea is quite expensive. It starts from 3,000$ for very small studio and goes higher than this depending of the rental conditions. Anyway it usually is much more than the sum of 3 months rents. On the other hands, Korean rental system tries to protect tenant legally. Basically, the contract is set for 2 years in default, and landlord has no right to ends the contract in this period. However, tenant can ends the contract whenever he/she wants. But one has to inform 3 months before they leave the room to avoid paying real estate agent fee o...