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Renting in Korea without losing your deposit

The Korean rental system runs on deposits most newcomers have never seen before: a lump sum that can be most of an apartment's value. Understand jeonse, wolse, and the paperwork that protects you, and you can sign with confidence.

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. Compare the two with the jeonse vs wolse calculator and pressure-test a specific deposit with the deposit safety checker.