Renting in Korea without losing your deposit

Housing hub

Jeonse, wolse, and the deposit paperwork.

Jeonse or wolse: the deposit is the decision

Korean rentals come in two shapes, and the difference is where your money sits.

  • Jeonse (전세): one large lump-sum deposit, often 50% or more of the property value, and no monthly rent. You get the full deposit back at the end of the lease, so the risk is entirely about getting that money back safely.
  • Wolse (월세): a smaller deposit plus monthly rent. Lower upfront cost, higher running cost, and less exposure if something goes wrong.

Whichever you choose, the protections are the same: register your move-in date (확정일자), check the property register, and confirm any debts registered against the property before you hand over a deposit. Our guide to how jeonse works walks through both contract types and the checks that protect your money, and the cost of living calculator puts a monthly figure on whichever one you pick.