The things have to pay besides the rents in Korea 🇰🇷

About utility bills, deposits, and management fees in Korea

 

Do you know that living in Korea costs another money besides rent?

It is important to know what is included in the monthly rent before you sign the contract!

So today, Stay14 compiled what kind of additional costs you need to know :) 

 

1. 공과금(gong-gwageum) | Utility fees

 

 

Utility fees are the most common additional cost besides rent. Utility bills can be largely divided into electricity, gas, water, and internet.

Water and internet are usually included in the monthly rent, but in some cases you have to pay separately, so be sure to check it out!

Electricity is about 30,000 won per month on average for a one-room apartment, and gas costs about 50,000 won because of an increase recently. However, since you pay as much as you use, it can be different!

If you need to pay utility bills, having a Korean account is convenient.

 

 

지로(Giro), which is utility bills in Korean, arrives once a month, so take a look what’s arrived in your mailbox!

Utility bills are usually billed the following month for what was spent in the previous month.

There is a virtual account for utility fees, and you can select any of the several accounts to deposit.

 

 

If utility bills are overdue, a warning like this will be attached, and if you don't pay after that, electricity and gas may be cut off, so be sure to pay well on time!

Many rooms of Stay14 have utility bills included, and for rooms that don't, we can help you pay, so feel free to ask!

 

 

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2. 관리비(gwanlibi) | Management fee / Maintenance fee

 

 

There is a management fee in Korea.

The maintenance fee is usually included in the monthly rent, but sometimes you have to pay it separately, so be sure to check it out!

Maintenance fees are expenses that are managed by the landlord or building manager.

Items usually included, such as stair cleaning, garbage management, and shared elevator fees, vary from building to building.

Payment is usually made in the same way as monthly rent.

Usually, the management fee is charged a lot at the officetel, so check it out!

 

 

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3. 보증금(bojeung-geum) | Deposit

 

 

A security deposit is money that is left with the landlord for the duration of the contract.

There are many different deposits, but usually the monthly rent is raised and the deposit is reduced, or conversely, the deposit is raised and the monthly rent is lowered. However, there are many cases where there is not much difference in monthly rent.

The deposit is returned at the end of the contract period and on the day of check-out.

Usually, everything is returned as it is, but if there is a problem or damage to the house, a part of the deposit is deducted and returned.

There is also a move-in cleaning fee, and in some cases the cleaning fee is excluded at the end.

So, when you write a contract, you should take a look at it, right?

 

 

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Today, we looked at what you need to pay besides rent when living in Korea.

When you find a room through Stay14, we help you to make a contract, deposit, and pay utility bills conveniently and easily.

Would you like to take a look at our site?

 

Thank you!

 

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