| Q) What should I do when I found an apartment I like? |
Q) What should I do when I found an apartment I like?
A) Normally, 10% of the key money(security deposit) is required to be put down first and make contract to secure it. And this money is not refundable when you break the contract, regardless it's verbal or written promise. They normally make 3 copies of the contract, one for the owner, another is for you and the other is for the realtor. And the balance of the key money( 90% of the key money )should be put down on the day you move in together with the first month rent.(depends on agreement though).
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| Q) What if I break the contract and give up taking the apartment? |
Q) What if I break the contract and give up taking the apartment?
A) You will lose your deposit money you put down to secure it. But if the owner break the contract, the owner normally pay double the deposit you put down already. But sometimes, you might have to compensate any loss caused by your canceling. For example, furniture order, cancelling fee for moving arrangement of the tenant of the apartment you were going to move in case of an early termination of the tenant... etc
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| Q) We are just wondering about how we get our key money back when we l.. |
Q) We are just wondering about how we get our key money back when we leave. Will we get this back as soon as we move out?
A) Your key money deposit(security deposit) should be returned when your tenancy ends. Your landlord can make reasonable deductions to pay for damage, unpaid rent or cleaning, but not for general wear and tear. If the lessor fail to get you the money back, you can sue the lessor. This kind of thing happens, very rarely though.
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| Q) If we leave earlier than the termination date, what happens? |
Q) If we leave earlier than the termination date, what happens?
A) You should give realtor fee to the owner to use any realtor to find new tenant and you should pay rent till the time next tenant actually move in and start his/her lease.
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| Q) What is the realtor fee and when do I have to pay? |
Q) What is the realtor fee and when do I have to pay?
A) You pay the realtor fee right after you sign on contract or on the day you move in depending on negotiation.
The legal realtor commission fee calculation formula ;
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| We will have vacation sometimes. If we are gone for long periods of ti.. |
Q) We will have vacation sometimes. If we are gone for long periods of time, will there be any problem?
A) You should report it to the owner or to your realtor and leave your key to him/her with your returning date.
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| Is that apartment hooked up so we can get high speed internet? What ki.. |
Q) Is that apartment hooked up so we can get high speed internet? What kind of internet speeds will we be able to get there?
We can help you set up high speed internet.(100 & 500 mbps) 1. Let us know the date and time that you will be available to meet the service person. 2. Please send us a photo of your alien card or the page of your passport which has your photo, number, name... etc
KT(kOREA TELECOM) is the fastest but expensive(around 23,000~38,000won per month depending on the contract period). You can also find cheaper services for both internet and cable TV in your local area.
Please be ready with a router for WIFI before the serviceman visit to set it up. You can buy it in E-mart or electronic markets.
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| Application which gives you real arrival time for your bus |
Please search "네이버지도" or "naver map" in English in "Play store"
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| Bus routes passing through Itaewon and its vicinity area |
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| Garbage disposal & Recycling |
To protect the environment, disposal of garbage is controlled. Depending upon the amount of garbage emitted by houses and workplaces, the amount of payment for garbage collection differs. Garbage must be disposed of in separate bags and placed in a pre-determined location. Garbage must be placed inside official bags based on “the measured rate system.” The bags are available from designated supermarkets and shops. Yongsan-gu’s garbage bags can be used only in Yongsan-gu. Garbage bagsGarbage bags for residential use are available in sizes of 5, 10, 20, 30, 50, 75, and 100 liters. Garbage bags for workplaces are available in sizes of 50, 75, and 100 liters. Furthermore, food garbage must be placed in garbage bags of size 2, 3, 5, and 10 liters, which were specifically made for food garbage disposal. In addition, 50 liter bags for small amount of waste from construction sites and glasses are available. Garbage bags must be placed in collection areas from 18:00 p.m. to 24:00 a.m. (There is no restriction in apartments.) Garbage for recycling can be divided into papers, plastic materials, glasses, and metals. In apartments, there are collection boxes for each of these categories. Foreign substance should not be included in the garbage for recycling and the size of garbage must be minimized. Recyclable garbageRecyclable garbage is of four types: papers, plastic materials, glasses, and metals. - Papers: newspapers, books, corrugated fiberboard, envelopes, packaging papers, paper milk boxes (bind by a string and put in a corrugated fiberboard boxes)
- Plastics: PET bottles, plastic milk bottles, styrofoam, other plastic materials, etc. (lids or labels that are not plastic should be removed before disposal; shampoo and detergent boxes must be rinsed by water before disposal)
- Glasses: glass bottles for drinks, etc.(bottles that contained wine, soft drinks, and medicine must be rinsed before disposal; broken glasses are not accepted)
- Metals: metal pieces and cans must be flattened before disposal; toxic materials or other foreign substances must be removed before disposal
Food wasteAfter removing all moisture, food waste must be placed in food garbage bags of 2, 3, 5, and 10 liter size before disposal. Oversized garbageOversized garbage such as furniture and large electrical household goods(TV, air conditioner, refrigerator, washing machine) are collected by government offices. Application for disposing of oversized garbage can be made online or by visiting dong Community Service Center in your district. Attach “Certificate of oversized garbage Disposal Report” on the wastes when disposing of oversized garbage. Teams in charge of oversized garbage collection operated by dong Community Service Center will collect the garbages. small electrical household goods (computer, audio, microwave) are be possible discharge without a certificate of registration. Reporting at dong Community Service Center- Visit dong Community Service Center in your district
- Fill out application form
- Pay related fee
- Receive stickers to be attached on the materials to be disposed of.
- On the assigned collection date, attach “Certificate of oversized garbage Disposal Report” on the material to be disposed of and place it on the collection site.
Internet reporting- Access the website of Yongsan-gu (http://www.yongsan.go.kr)
- On the menu, click oversized garbage disposal application
- Fill out application form (name, identification number, telephone number, address, etc.)
- Fill out details (type of waste, amount, date of disposal, other)
- Method of payment (bank account transfer, credit card)
- Print “Certificate of oversized garbage Disposal Report”
- On the designated collection date, attach “Certificate of oversized garbage Disposal Report” on the material to be disposed of and place it on the collection site.
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| Cable TV & Satellite TV |
Cable TVSubscription to cable TV gives you access to more than 50 channels. | Channel Genre | - Movies, dramas, sports, games, news, information, entertainment, local information, home shopping, children, music, hobbies, everyday life, documentaries, women/household matters, education, religion
- Local TV broadcast programs and satellite TV programs of the United States, China, Japan, and Europe
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| Required Documents | - Alien registration certificate and bankbook (and a copy of your passport for GIRO-based monthly payment of fees)
* For further details, please contact your local cable TV station |
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Korea Cable Television & Telecommunications Association GOENG Satellite TVSatellite broadcasting refers to the transmission of TV and PCM programs via a broadcasting satellite (BS). BS viewers can watch channels from all over the world that are not available on Korean terrestrial channels. You can view the programs at your convenience after recording them. - Satellite broadcast available in Korea: SkyLife
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| Postal Services |
Postal ServicesYou should go to the post office when using nonstandard envelopes or postcards. The Express Mail Service is provided by Korea Post under special agreements with the postal authorities of other countries. The service will deliver your urgent letters, documents and parcels to another country by the safest available method. - Please attach a sheet containing the following information on the wrap of the mail: the names, addresses, and phone numbers of the sender and the recipient; a description of the contents, their value and quantity.
- Postage charges vary, depending on the type and weight of the contents. Please consult the Korea Post home page or a post office in your neighborhood for more details.
- Concerning the status of delivery of your international postal express mail (EMS) and registered mail, please check it with the Korea Post Call Center.
Besides post offices, other shipping firms like DHL, Federal Express, UPS, Hanjin Shipping Company, and EMS also provide overseas mailing services
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| Opening a bank Account |
Opening a bank AccountA resident foreigner can open a bank account by simply visiting the bank in question, whether he/she resides in Korea or not. (A resident foreigner refers to an individual who has been in Korea for more than 6 months, while a non-resident foreigner refers to a person who has been in Korea for less than 6 months.) | Required Documents | - You should be at a branch of the bank chosen by you and ask to open an account.
- You should present your resident foreigner registration certificate and passport.
- The branch will give you your bankbook and cash card on the spot.
※ You may use the cash card to withdraw money from an ATM (Automated Teller Machine) |
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| Tax & Interest Rates | - For a resident foreigner: Korean regulations are applied to the foreigner’s tax and interest rates.
- For a non-resident foreigner: the tax rates are affected by the regulations of the foreigner’s country, whereas interest rates are affected by Korean regulations.
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| Business hours | - Business hours: Mon ~ Fri, 9:00am~4:00pm
- Bank’s ATMs: You can use them at any time outside the following time slot: 10:00 PM ~ 8:00 AM.
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TransferYou can transfer money overseas from a bank. You may send up to $50,000 (including an exchange fee) out of the country. All your money transfer transactions should be made at a bank selected by you. If you can present a document showing how you have acquired the money, you may send a sum not exceeding the amount of income acquired in Korea out of the country. Different banks have different fees and restrictions on transfers. | Required Documents | - Passport, employment contract, foreign registration card, receipts.
- Sending money by telegraphic transfer is fast and convenient. For a transfer, you need to write down the name of the recipient, address, account number, name of bank, and other pertinent information.
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Exchange of MoneyIf you have a passport or foreign registration card, you can easily exchange foreign money or traveler’s checks for Korean won at local banks. Be sure to keep the slip that the bank issues as evidence of a foreign exchange transaction. The slip will help you sell your Korean won for a foreign currency more easily on your departure from Korea. | Required Documents | - Passport, employment contract, foreign registration card, receipts.
- Sending money by telegraphic transfer is fast and convenient. For a transfer, you need to write down the name of the recipient, address, account number, name of bank, and other pertinent information.
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Credit cardCredit card companies issue credit cards to those who meet their specific requirements for issuance. So if you don’t have a good credit record, your request for a credit card might be rejected. | Required Documents | - Application form (including photo)
- Foreign registration card, plus a document ascertaining your income (e.g. employment certificate, tax invoice, etc) if requested
※ Different banks or credit card companies may require different documents. |
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| Annual membership fee | The annual membership fee is a fee charged for the issuance of a credit card and the various services offered by a credit card company. The annual membership fee is charged every year, starting in the month of issuance. |
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| Business hours | - Business hours: Mon. ~ Fri., 9:00am~4:00pm
- Bank ATMs: You can use them at any time outside the following time slot: 10:00 PM ~ 8:00 AM.
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For Further Information, please refer to following website Seoul Global Center GOENGCHNJAP |
| Education for foreign residents |
Foreign SchoolsForeign Schools are institutes that provide education to non-Korean children and Korean children who have lived abroad for a certain period of time.
Foreign schools, most of which are located in Gyeonggi-do, Incheon Metropolitan City and Seoul, provide lessons in English and Chinese.
Thanks to the approval of the Ministry of Education and Human Resources Development, students are allowed to receive (as of 2009) authorized diplomas provided that they complete 102 credit hours of Korean language and history courses a year. General Admission RequirementsTo be eligible for entry to a foreign school, children must meet at least one of the following requirements: - Korean citizens who have resided overseas for over three years
- Those who have spent at least 6 semesters at schools located overseas
- Those who have at least one parent who is a foreign citizen
Required DocumentsIt is recommended that the following documents are prepared in your home country in order to save time. - An application form obtained from the school, along with recent photos
- Official transcripts/report cards from previous schools
- Standardized test scores
- Letters of recommendation (some schools require recommendations from particular teachers)
Admission TestsMany schools require admission tests.
If your child has been attending a non-English language school and you are applying for his/her entry to an English language school, an English proficiency exam, such as the IDEA Language Proficiency Test, may be required.
Student and/or parent interviews may also be required, depending on the school. Applicants may also have to take additional placement exams.
EnglishDulwich College SeoulDulwich College Seoul offers an exemplary British-style international education for over 600 expatriate students aged 2 years to 18 years from over 40 different countries. It is built upon the history of Dulwich College London, one of Britain’s most prestigious independent schools, originated in 1619. The College maintains close relationship with Dulwich College London and the Dulwich Colleges in Shanghai, Beijing, Suzhou and Singapore. The curriculum follows the best practice of the Early Years Foundation Stage Framework and Enhanced English National Curriculum. Dulwich College Seoul is registered to offer Cambridge and Edexcel IGCSE examinations and is a Candidate School to offer the International Baccalaureate Diploma Programme (IBDP) for students up to Year 13 (ages 18) from the 2015-16 academic year. Facilities include outdoor playground areas, two libraries, a 250-seat auditorium, an indoor gym, an indoor swimming pool, a soccer pitch and an outdoor basketball area. Go To Dulwich College Seoul GO Dwight School SeoulDwight School Seoul is the first IB World School in Seoul authorized across all three International Baccalaureate programmes. As a member of the five Dwight global schools in New York, London, Vancouver Island and Shanghai, the Dwight family shares the mission of igniting the spark of genius in every child. Dwight School Seoul offers IB education from preschool to grade 12 providing a framework for successful learning and holistic development. Its commitment to the International Baccalaureate Programme not only ensures academic excellence, but also philanthropic activities and leadership which helps students succeed in the next phases of their lives as community members and world leaders. Go To Dwight School Seoul GO Seoul Foreign School (SFS)Seoul Foreign School (SFS) is one of Korea’s oldest international schools. Its history dates back to 1912 when it was founded by Methodist missionaries.
The elementary school, middle and high school curricula follow the American programs. However, a British School, which follows the English National Primary Strategy and National Curriculum for Reception, is also available. Go To Seoul Foreign School (SFS) GO Korea International School (KIS)Korea International School (KIS) is a private, proprietary, non-profit, nonsectarian school established in 2000 in the Gangnam neighborhood of southern Seoul. In 2006, KIS relocated to a modern, state-of-the-art facility in the rapidly-growing southern Seoul suburb of Pangyo. KIS Seoul has programs from Pre Kinergarten to Elementary Years and Pangyo Campus offers programs from Pre Kindergarten to Grade 12. The stated mission of KIS is to “inspire students with a passion for learning and to cultivate the competence, self-assurance, initiative, and creativity necessary for success in the global community.” Go to Korea International School GO Seoul American Elementary School & High SchoolLocated in the U.S. Yongsan Garrison in Seoul, this American elementary school is a US Department of Defense school, which means that priority of admission is placed on US military families. It is primarily for the children of US service people, although those of US citizens can also attend if places are available. One of the largest US military schools in the Asia-Pacific region. Accredited by the North Central Association of Colleges and Schools. Go To Seoul American Elementary School & High School GO Yongsan International School(YIS)Established on a relatively new campus in the heart of Seoul, Yongsan International School has some of the best facilities of any international school in the country. It was founded in 1990 as the International Christian School of Seoul, and has been accredited by the Eastern Association of Schools and Colleges and the Association of Christian Schools International. It offers an American-style education from elementary school to high school. Its facilities include fifty classrooms, two libraries, a 400-seat auditorium, two gyms, two outdoor playground areas, an indoor swimming pool and a soccer pitch with artificial turf. Go To Yongsan International School(YIS) GO Korea Kent Foreign SchoolFounded in 1993 as a high school, Korea Kent Foreign School now offers a US-style education for students from kindergarten to high school. Accredited by the Western Association of Schools and Colleges (WASC). Go To Korea Kent Foreign School GO Global Christian SchoolFounded in 1996, the Global Christian School seeks to provide an outstanding American-style academic education in a nurturing, Christian environment.
It offers classes from kindergarten to grade 12. International students from ten nations. Go To Global Christian School GO Asia Pacific International SchoolFounded in 2007 and one of Seoul’s newest foreign schools, the Asia Pacific International School provides an American-style education in a loving Christian environment with the goal of nurturing students for the coming Pacific Century.
The school emphasizes Asian-language education, with Korean, Chinese and Japanese classes available. Students can take advantage of the Korean educational system through class partnerships with neighboring schools. Go To Asia Pacific International School GO Rainbow International SchoolAccredited by the Western Association of Schools and Colleges, Rainbow International School provides a safe and a quality learning environment which challenges all students to achieve their personal best and develop a positive vision for their future. Rainbow International School is the non-profit private day-school provides holistic and experiential learning for grades 1 to 8. Located in Seoul, South Korea, Rainbow International School opened its doors to students in September, 2007. RIS students and teachers come from twenty-three different nations. All RIS Staff and Faculty work together to build a school which is accepting of everyone and promotes a celebration of who we are and where we are from. Its multicultural atmosphere is both warm and friendly. Go To Rainbow International School GO
FrenchLycée Français de SeoulThe Lycée Français de Séoul (Seoul French School) is located in the heart of Seoul’s French community in Bangbae-dong.
Accredited by the French Ministry of Education and regulated by the National Agency for French Education Abroad. Around 350 students are enrolled. Students must be proficient in French. Offers kindergarten-, primary- and secondary school-level education. Go To Lycée Français de Seoul GO Lycee International XavierThe Lycée International Xavier is a French International School located in the heart of Seoul.
The Lycée International Xavier follows the official programs of the French National Ministry of Education. Students in grade 9 take the Brevet des collèges (a French diploma) and, in grades 11 and 12, students take the French Baccalauréat. The school offers education for primary, middle and high school students; and has a dormitory for students who wish to board at the school.
Students who are not proficient in French enter a French as a Foreign Language program until they possess the necessary proficiency for attendance at regular classes.
Classes in the Korean language and Korean history are also offered to middle and high school students. Go To Lycee International Xavier GO
GermanDeutsche Schule SeoulThe Deutsche Schule Seoul (Seoul German School) was founded in 1976. As Korea’s one and only German language school, it is supported by the German government.
The school offers preschool classes and a 10-year Gymnasium course. It follows the curriculum of the State of Thuringia. Students must be proficient in German. Upon completion of the 10-year program, students can transfer to an English language high school. Go To Deutsche Schule Seoul GO
JapaneseJapanese School in SeoulFounded in 1972, the Japanese School in Seoul provides Japanese language education to Seoul’s Japanese expatriate community.
The school offers classes from kindergarten to high school, and follows the curriculum of the Japanese Ministry of Education, although Korean language classes are offered as well. Go To Japanese School in Seoul Go
ChineseHanseong Chinese Middle and High SchoolLocated near Yonsei University, Hanseong Chinese Middle and High School provides good quality Chinese language education primarily to the ethnic Chinese population resident in Korea.
The school follows the curriculum of the Republic of China’s (and Taiwan’s) education system. Extracurricular activities include classes on Chinese calligraphy and painting.
Go To Hanseong Chinese Middle and High School GO |
| Free Medical Clinics for Foreign Workers |
Free Medical Clinics for Foreign WorkersGood Neighbor ClinicThe Good Neighbor Clinic at Kyungdong Church provides free medical services for foreign workers in Korea. The clinic currently runs departments of internal medicine, surgery, orthopedics, obstetrics and gynecology, pediatrics, otolaryngology, ophthalmology, dentistry, dermatology, oriental medicine and clinical pathology. - Address :Kyungdong Church, 26-6 Jangchung-dong 1-ga, Jung-gu, Seoul
- Tel.:82-2- 2274-0161
- Hours :2:30 to 5:30 p.m. (the first and third Sundays of the month)
- Transportation :Dongdaemun Station (Line 2, 4, 5, exit 4), Dongguk Univ. Station (Line 3, exit 2, 3)
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| Medical Service |
Medical Referral ServiceThe Seoul Global Center (SGC) launched by Seoul Metropolitan Government operates a 24-hour Medical Referral Service (MRS) for foreign nationals. Medically trained, English-speaking staff provide information and recommendations on medical facilities and services. The MRS team has striven to provide quality medical information by regularly visiting medical facilities that offer medical services to foreigners. The team constantly seeks to make improvements by collecting feedback from foreign nationals. - E-Mail:medicalreferral@seoul.go.kr
Emergency ServicesSeoul Call Center 82-2-731-6800 / 120 Dasan Call Center Fire and Emergency 119- Please call 119 when you need emergency assistance, including an ambulance. The ambulance service is provided free of charge. Interpreters are available for foreign nationals who do not speak Korean.
- We provide information on hospitals, illness consultation, first-aid methods, and interpretation for patients in English, Chinese, Japanese, Mongolian, and Vietnamese.
- The service is provided 24/7.
Travel Assistance Service 1330- We provide information on all matters relating to travel within the country.
- The service is provided 24/7.
Police 82-2-313-0842 / 112- The National Police Agency is ready to receive reports on crimes via an interpretation center.
- The service is provided 24/7.
Telephone directory service 114- Please give the operator the name and address you seek and she will give you the phone number.
- The service is provided 24/7.
Interpretation Service 1588-5644- If you have any difficulty communicating with someone due to the language barrier, please ask for help by calling 1588-5644.
- The interpretation service is provided on a real-time basis by volunteers in the following 17 languages: English, Japanese, German, Russian, Italian, Spanish, French, Chinese, Portuguese, Arabic, Polish, Turkish, Swedish, Thai, Vietnamese, Indonesian, and Malaysian.
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| Registration |
Those who need to be registered - An foreign national who intends to stay in Korea for more than 90 days
- A person who has given up his/her Korean nationality and acquired another country’s nationality; an foreign national born in Korea who intends to stay in Korea for more than 90 days from the day the status of sojourn is given.
- The following foreign nationals are exempt from the obligation of foreign national registration:
- A holder of a diplomatic or official passport or a person carrying out a treaty and his family (A-1, A-2, A-3)
- A person engaging in important diplomatic, industrial or defense business and his family; a person concerning whom the Justice Minister recognizes the need for exemption from the obligation of foreign national registration
- A Canadian national who intends to stay for less than 6 months and carry out one of the following activities → artist (D-1), religion (D-6), visiting or joining family (F-1), accompanying spouse (F-3), miscellaneous (G-1)
- A registered foreign national under 17 years of age (He/she should be registered as an foreign national within 90 days of turning 17.
Registration Period- Foreigners who intend to stay in Korea for more than 90 days.
→ Registration must be done within 90 days of entry. - Foreigners granted the status to stay or to change their status.
→ Registration should be done immediately after receiving permission.
Required Documents- Application Form
- Passport
- Color Photograph (3.5X4.5)
- Documents required per the status of sojourn
- Fee : 20,000 Won (as of September 2013)
- Power of attorney, a copy of the entrustor’s ID, and the entrustee’s employment certificate (if applicable)
Report on changesIn the case of a change relating to the following, a registered foreign national should submit a report a change in any details registered at the Immigration Control Office within 14 days. - Personal name, gender, DOB or nationality
- Number, date of issuance, validity of passport
- Artist (D-1), student (D-2), general trainee (D-4) whose institution or organization has been changed (including a change in the name)
- Journalism (D-5), religion (D-6), business supervisor (D-7), corporate investor (D-8), international trade (D-9) whose institution or organization has been changed (including a change in the name)
Introduction to relevant institutionThe Immigration Control Office GOENG - Tel :82-2-2650-6212~5
- Fax :82-2-2650-6293
- How to go :By subway: Omokgyo Station (Line 5; Exit 7) / By bus: 5012, 6619, 6624, 6640, 6620, 517
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| Purchase Procedures |
Various laws, such as The Foreigner’s Land Acquisition Act, The Foreign Exchange Transactions Act, and The Foreign Investment Promotion Act, apply to foreign nationals’ acquisition of real estate in Korea. Regulations relating to land acquisition, use, and development apply equally to locals and foreign nationals. In the event of foreign nationals’ land acquisition, different laws and procedures apply, depending on the purpose of the acquisition, whether residing in Korea, and whether an individual or a corporation. Resident foreign nationalsReport on real estate acquisition- Deadline for submittal of the report: Within 60 days of the signing of the contract (payment of the balance amount)
- The report should be submitted to: Cadastral Department, Si/Gun/Gu having jurisdiction over the area where the relevant real estate is located.
- Documents to be submitted: The real estate contract; a copy of the real estate register (in the name of the seller)
- Period required for handling: Immediately
Registration of title transfer- Deadline for submittal of the report: Within 60 days of the signing of the contract (payment of the balance amount)
- The report should be submitted to: The registration office having jurisdiction over the area where the relevant real estate is located
- Documents to be submitted:
1. The foreign national registration certificate (for an individual) or the corporation registration certificate (for a corporation)
(* As regards a resident foreign national, the registration number and the address for real estate registration refer to the foreign national registration number and the address stated in the foreign national registration certificate or the corporation registration certificate.)
2. Registration application, registration-related evidential document (contract etc), registration certificate, a copy of the land register
3. The power of attorney containing the seal impression of the entrustor (if applicable) - Time taken for handling: Immediately
Non-residing foreigners- A non-resident foreign national should prepare the following documents prior to entry to Korea.
- For an individual : a copy of the certificate of citizenship, a copy of the certificate of residence or the address certificate issued by the government of the home country
- For a corporation : a copy of the corporation certificate (with the address stated) or the address certificate issued by the government of the home country
| Report on real estate acquisition | - Deadline for submittal of the report: Within 60 days of the signing of the contract (payment of the balance amount)
- The report should be submitted to: Cadastral Department, Si/Gun/Gu having jurisdiction over the area where the relevant real estate is located
- Documents to be submitted: The real estate contract; a copy of the real estate register (in the name of the seller)
- Time taken for handling: Immediately
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| Issuance of registration number for real estate registration | - Documents to be submitted:
For an individual: passport or a copy of certification of citizenship, land acquisition report certificate
For a corporation: Please contact the Department of Cadastral Affairs (02-3703-5060), the Ministry of Government Administration and Home Affairs
* The power of attorney issued by a public notary office in the home country (for an foreign national) or by a Consular Office in the relevant country (for a Korean residing in a foreign country) (if applicable). - Office for application:
For an individual – The Seoul Immigration Control Office (in Mok-dong/02-650-6237)
For a corporation – Cadastral Department, Si/Gun/Gu having jurisdiction over the area where the relevant real estate is located - Time taken for handling: Immediately
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| Registration of title transfer | - Deadline for submittal of the report: Within 60 days of the signing of the contract (payment of the balance amount)
- The report should be submitted to: The registration office having jurisdiction over the area where the relevant real estate is located
- Documents to be submitted:
1. The foreign national registration certificate (for an individual) or the corporation registration certificate (for a corporation)
(* As regards a resident foreign national, the registration number and the address for real estate registration refer to the foreign national registration number and the address stated in the foreign national registration certificate or the corporation registration certificate.)
2. Registration application, registration-related evidential document (contract etc), registration certificate, a copy of the land register
3. The power of attorney containing the seal impression of the entrustor (if applicable) - Time taken for handling: Immediately
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| Types of Residence |
Serviced ResidencesServiced residences are furnished apartment buildings for both short- and long-term visitors to Seoul. - They have all the necessities of a modern apartment
- These units are usually two to three times bigger than your average hotel room and usually include a kitchen.
- Hotel-like services are provided, which include a front desk, a business center and a community area. Visitors may prefer a serviced residence as opposed to a hotel because of their affordability.
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ApartmentsApartments are the most popular housing option among Koreans. They are preferred by most locals mostly due to their convenience. - Nearly all apartment complexes have facilities nearby such as supermarkets, district offices, post offices, and schools, as well al easy access to public transport.
- Basic utilities like water, gas and heating are well established.
- The units are somewhat smaller than what one might be accustomed to abroad.
- Since the units are tightly packed into each complex, there can be a lack of privacy.
- Looking for a parking space after work can also be a challenge, as most complexes do not allocate parking spaces to each unit.
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Officetels / One-room studiosOfficetel (office + hotel) refers to a residence-like office space. Some Koreans use them as residences. - Most of them are located in easily accessible places.
- They are equipped with furniture and convenience facilities. The tenant’s privacy is protected.
- A one-room studio is a smaller version of an officetel.
- One-room studios offer lower monthly rents than officetels. There are many one-room studios near a university.
--------------------------------------------------------------------------------------------------- Detached HousesDetached house is built for one family on detached housing site. - In detached houses, the privacy of a family is well protected.You can set up a residential plan the way you like.
- You can have your own garden.
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Multiplex HousesThey are smaller versions of apartments. - A multiplex house is in a building no higher than four-stories.
- number of families can reside in separate residental space in a building, and each household can own and sell the suit separately.
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HanokA hanok is traditional Korean house. - Ondol, a system of heated floors, keeps the house warm during the cold winter months, while the wide front porch keeps it cool during the scorching, hot summer months.
- The hanok is a type of residence unique to Korea that was developed to meet the needs associated with the frigid cold of winter and the scorching heat of summer.
- It is interesting to note that many remodeled traditional homes are appearing in the city.
- These remodeled homes have various modern amenities to go along with the beauty of their traditional design.
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| Wolse (Monthly Payment + Deposit) / Jeonse (Key Money Deposit) |
Wolse (Monthly Payment + Deposit)Wolse requires the renter to deposit a fixed sum with a landlord after which monthly rent is to be paid on a specified date each month. - The amount of the security deposit for wolse is lower than that for jeonse. The amounts of the security deposit and monthly rent are negotiable.
- The deposit sum can be increased in order to lower the monthly rental charge.
- The lessee should pay monthly utility charges (electricity, water, gas, phone, Internet, and TV reception).
Jeonse (Key Money Deposit)Jeonse, or the key money deposit, is a housing rental system specific to Korea.
- Instead of paying monthly rent to a landlord, a large lump sum payment is deposited into the landlord’s bank account for the duration of the contract.
- By law, Jeonse contracts are signed for two years. At the end of the contract, the deposited amount is returned to the renter.
- Some landlords prefer this method because they can collect interest from the amount deposited in the bank. Another reason why some landlords may prefer the Jeonse method is simply because they have purchased the property with Jeonse contracts themselves.
- Some may not like the key money deposit method since depositing a large sum of money comes with risks, not to mention the difficulty of trying to come up with a large sum of money all at once. However, this method is the most advantageous for tenants since the full deposited sum is returned at the end of the contract. When looking to rent on a key money deposit method, the first step you must take is to check that there are no unpaid loans. It is imperative that you check the building’s register before you sign.
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