1. Deposits are huge and expected

In Korea, the rental system often includes a large security deposit called 보증금. Even a small studio can require 5 to 20 million KRW up front. It’s not a scam. It’s just how the market works.

The good news is that it’s refundable when you move out, assuming no damage. In some cases, offering a higher deposit can even reduce your monthly rent.

Always ask when and how your deposit will be returned, and make sure this is stated clearly in the contract.

3. Not every home allows address registration

To get an ARC or open a bank account, you need to complete 전입신고 (residence registration). But not all housing options allow it.

Basement studios, rooftop rooms, or places in unregistered buildings may not qualify. That means even if the apartment looks fine, you may not be able to complete basic legal steps.

Always ask:

Is this a legal residence?

Can I register my address here?

If the agent hesitates, it’s a red flag.

4. Contracts are only in Korean and can hide risks

Rental agreements are almost always in Korean and include legal terms that can be hard to understand. You may unknowingly agree to pay for repairs, early termination fees, or lose your deposit if you leave early.

We strongly recommend having someone bilingual review your contract. Better yet, use a service that clearly explains every section in English before you sign. It’s worth it.

5. Management fees are often separate

Besides rent, most apartments come with 관리비 (monthly management fees). These can range from 50,000 to 200,000 KRW depending on the building.

Some include internet and water. Others cover only building cleaning and security.

Never assume. Ask what’s included and what’s not. Otherwise, your “budget-friendly” apartment could end up costing a lot more.Generate here

6. You pay the agent too

In many countries, the landlord pays the agent. In Korea, both sides pay.

As a tenant, you’ll typically owe a fee of 0.3 to 0.5 percent of the total lease value. That can be hundreds of thousands of won depending on the contract.

Make sure to ask about this early so you’re not caught off guard. And always get a receipt.

7. Pet-friendly homes are hard to find

If you have a dog or cat, be prepared for limited options. Most landlords in Korea do not allow pets, and even those who do usually only accept small dogs.

It helps to work with an agent who understands the expat market and knows which buildings are more flexible.

Be upfront about your pet from the start. Hiding it can lead to contract cancellation.