A newlywed couple in Korea earning KRW 40 million and KRW 50 million a year, with no children, cannot apply for a Bogeumjari Loan (보금자리론) today. Their combined KRW 90 million is above the KRW 85...
Jeonse Trust in Korea: HUG Keeps the Deposit, a 4.35% Yield on Offer for Landlords, and What to Weigh Before the October Sign-Up
A tenant paying 740,000 won a month in rent switches the same flat to jeonse and the monthly cost drops to 530,000 won. The landlord, instead of pocketing the 200 million won deposit, hands it to the...
Cheongyak Disqualification in Korea: 13,000 Cancelled Wins in 3 Years and the 4 ApplyHome Checks to Run First
Between January 2024 and August 2026, about 13,000 people in Korea won an apartment in the cheongyak (청약) lottery and then lost it before signing a contract. Some 3,527 of those cases were cheongyak...
Property Tax in Korea: September 30 Deadline, Installments and Late Penalties
When offices reopen on Monday, September 28 after the Chuseok (추석) holiday, only three working days are left in the month. If your property tax bill is still unpaid when those three days run out, a...
Cheongyak Conversion Extended to September 2027: Convert Now or Wait for October?
On September 23, 2026 the Ministry of Land, Infrastructure and Transport (국토교통부) pushed the cheongyak conversion deadline, the window for turning a legacy cheongyak savings, deposit or installment...
Housing Subscription Points: A Complete & Easy 84-Point Guide
According to the Korea Real Estate Board’s subscription portal data, the average winning score for Seoul private apartments was about 59.68 points in 2024 and climbed to 65.81 points in 2025 —...
Jeonse Rent Guide: How to Choose Between Korea’s Two Lease Systems
Kim Ji-hoon (29), who is about to get married, recently started looking for a place to live and hit a wall. Two apartments of the same size caught his eye: one offering 전세 at 300 million won, the...
Acquisition Tax: Essential Guide to 5 Key Rates by Home Count and Price
Buying a home in Korea? The first tax you’ll face is the acquisition tax (취득세). But calculating it isn’t straightforward — depending on the property price, how many homes you own, and...
