It is estimated that 60% of foreign residents in Korea
live in Yongsan area, south of Seoul, and a large proportion
of the rest live in Sungbuk-dong, Pyongchang-dong, Yonhi-dong
and Bangbae-dong. In these areas, many western style residences
have been built to meet the needs of the growing foreign
population. Housing units under construction are largely
accommodating the western style floor plan doing away
with a typical layout of a Korean residence.
|HOUSES - single family houses
are usually quite large and have a small to mid-sized
garden. Houses vary in size from 50to 100 pyung living
space, and from 100 to 250 pyung for the whole land area.
They have 2-5 bedrooms and 2-3 baths. In recently built
houses, oil heating has been replaced by a city gas system
to reduce heating costs.
|VILLAS - Villas are similar
to western style condominiums usually less than 5 stories
high with under 10 units per building. Sizes of villas
range from 40 to as large as 100 pyung with 2-5 bedrroms
and 2-3 baths. Most villas are furnished with basic appliances
such as gas oven, refrigerator, dish washer, washing machine
and air conditioning
|APARTMENTS - Apartments
are largely in western style, high rise building complexes.
They are usually smaller than houses and villas, but an
apartment complex often includes a supermarket, bakery,
laundry room and other facilities
Advance Payment (Rent)
|This is most common method in foreign communities in
Seoul. It requires advance payment of the total monthly
rental for the entire lease term. The contract is usually
signed for 2 to 3 years. No money is returned at expiration
of the lease. But pre-paid rental is refundable prorata
for the unexpired term of lease, if the lease is terminated
prior to expiry date. One of the merits of this method
is that the landlord is responsible for maintenance during
the lease period. Rent does not include utility costs
such as electricity, water, gas and heating.
|This is a deposit plus monthly payment system. The deposit
amount is about 10 to 20 times the monthly payment. Usually
10% of the total amount is paid upfront when signing the
contract and the remainder plus one month's rental is
paid at the time of actual move. The amount deposited
is returned to the tenant upon expiration of the lease.
The tenant is responsible for maintenance.
Money Deposit (Chonsei)
|About one-half to two-thirds of the value of the house
is deposited with the Lessor for the lease period. The
whole portion is returned to Lessee upon expiration of
the lease. As with Wolsei, 10% of the total amount of
rental is paid when the contract is signed, and the rest
is paid when the lessee moves into the house. Common practice
is that the Lessor is not responsible for maintenance.
Accordingly, the Lessee is required to cope with all maintenance
issues by himself unless otherwise provided in the pertinent
lease contract. For example, replacement of curtains or
re-papering of rooms will be on the Lessee's own expense.
Another matter of this payment method is that the key
money deposited to the Lessor will not be returned prior
to the date of expiration of the lease unless a third
party signs new lease contract replacing the existing
ITAEWON - Located above a main shopping street
close to the Yongsan U.S. Military Post, Itaewon is hilly
and crowded with large houses, villas and apartments.
Transportation is convenient and there is shopping nearby.
Many ambassadors have their residneces in this area, and
there are a few embassies as well. The area is close to
Grand Hyatt Hotel, and a short drive over the hill will
bring you to down town. Jogging and hiking to the Mt.
Nam-San is an added merit of Itaewon.
School bus access is good. There are several Christian
schools in the area which provide school bus service.
School bus service to Seoul Foreign and Seoul International
School takes about 40 minuets to an hour.
UN VILLAGE - This compound in Hannam-dong is guarded
and patrolled by the area guards. Overlooking the Han
River, it is built on a hill with large homes and apartment
complexes. Most houses are suitable for westerners. The
German School is located near UN Village.
HANNAM-DONG - There area many nice houses in Hannam-dong.
It is just down the hill from Itaewon, and travel time
to City Hall can take anywhere about 15 to 20 minutes.
Since there are several high ranking Korean officials'
homes and foreign ambassadors' residences there is special
security of many national police on duty 24 hours a day
nearby. Hannam-dong is about 45 minutes from Seoul Foreign
School and Seoul International School. There are 2 English
language preschools in the area. School bus service is
available to most of the foreign
DONGBINGGO-DONG - Many foreign embassies and ambassadors'
homes are located in this area. Transportation is good.
It is a pleasant, convenient residential area. Most houses
are large, with gardens. All schools have buses to this
YONHI-DONG - Yonhi-dong is a residential area
on the northwest side of Seoul. Houses are relatively
large. Seoul Foreign School, Severance Hospital and
Yonsei University are located in this area, and Swiss
Grand Hotel is nearby. The area is relatively close
to downtown Seoul 15 to 30 minutes by car depending
The big advantage for many foreigners choosing to live
in Yeonhi-dong is its proximity to Seoul Foreign School
and the British School.
SUNGBUK-DONG - It is a lovely suburban area of
large houses. It is within 15 minutes drive to the down
town area of Seoul. Located to the very north of the National
Museum and Kyongbok Palace, it is an area many foreigners
like to live in. A number of embassies have their residences
here. And most of the managers of foreign corporations
in Seoul love to find their home in this area. The big
advantage to sungbuk-dong is the beauty and cleaner air,
as the area is hilly wooded, and Bukhansan National Park
nearby. School bus transportation is available for school
children, and pre-school kids, and it is about 20 minutes
from Seoul Foreign School. There are several supermarkets
and other conveniences in the area, as well as 2 major
hospitals close by.
PYONGCHANG-DONG - This area is located in the northern
part of Seoul, close to Sungbuk-dong. It is within walking
distance from Pukhansan National Park with fresh air,
nestled in the mountains. It is a quiet and comfortable
living area made up mostly of single houses with gardens.
There are no high rise buildings, and rents generally
are not quite as high as in Itaewon-dong and Sungbuk-dong.
The area is located 8 km from Seoul Foreign School and
downtown(city hall). It is 20 km to Kimpo Airport. There
are several supermarkets with a good choice of good.
BANGBAE-DONG/BANPO-DONG - Bangbae/Banpo area is
one of the locations where foreigners prefer to live,
particularly the French, as the French School is there.
There are many western style houses and villas in this
area. Commuting time to city hall ranges from 30 to 50
minutes. School bus service is available for both Seoul
foreign School and Seoul Int'l School