Expert Info
on 26 Apr 2011
Can someone explain the idea of a "key money" in South Korea.
Anonymous (not verified) on 26 Apr 2011 - 08:03
Key money is a concept unique to South Korea, but it's pretty similar to the standard deposit that property owners in most countries demand prior to signing a lease. The only difference is, the amount of key money you put down is up to you. That said, the larger the amount the less your monthly rental payments become. So it's actually more like a down payment than a deposit, I guess; but at the end of the lease you get the full amount back!
It's not necessary to always put down 'key money' when renting in South Korea, it's just recommended.
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Anonymous (not verified) on 5 Mar 2013 - 16:31
i work korea
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Anonymous (not verified) on 5 Mar 2013 - 16:31
i work korea
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Anonymous (not verified) on 31 Jan 2014 - 11:26
im thinking of moving to south korea can anybody living here give me advice on a number of topics im from australia
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Anonymous (not verified) on 31 Jan 2014 - 12:27
Hey there, what specific topics are you wanting information on? For a start, why don't you check out our South Korea expat guide for general information about living and working in South Korea.
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