Talking about Korean culture: Types of housing in Korea

In Korea, when living in a rented house, you can choose between two types of payment: the ‘전세’ system; a lease on a deposit basis or the ‘월세’ system; monthly paid rent.

‘전세’ basically consists of only paying a large amount of money for the deposit when moving in to a new house, and then getting it back when you move to another home later on.

While, in the case of ‘월세’, the tenant has to pay a smaller sum for the deposit, that they will receive back when moving, as well as monthly rent.

Since rent prices in a big city are quite expensive, especially in certain areas close to a campus, housing can be limited, which can often be a burden for students looking to rent a place.

What about your country? What type of housing or residence does it have? And does your country have a system like Korea’s ‘전세’ or ‘월세’? Also, how do college students resolve residence problems outside their dormitories? Let’s talk.