Housing is an eternal problem for students on short term or long term basis. The biggest hurdle is the deposit money (보증금) also called key money that starts off usually with 3,000$ or 3 million won to 10,000$ or 10 million won - refundable.
On top, they have to pay a monthly rent tagged to the deposit money and this whole setup is called wal-say (월세). The higher the deposit the lower the rent goes. Hence, KEY money and rent are inversely proportional to each other. Another method is "Jonsay (전세)"where you put a huge deposit (보증금) starting with 70,000 to 100,000USD (700 million to 1000 million won) and do NOT pay any rent. Some Koreans call it a RENT FREE option. When your contract comes to an end that money is refunded.
Anyhow, we have also got options of shared room in an apartment, we have host families option, we have one-room or studio option, we have Hasukjibs, we also have the infamous Goshiwons. The thing is your budget and your personal choices.
Having said that, these days a few friends are looking for a housing in a shared apartment/jutaek, villa etc.
They are studying at Yonsei and Seoul National University.
If anybody is interested in having a flatmate in Seoul/Gyeonggi area, please leave your info. in the comments and we'll get back to you.
We don't care if the place is far away from the above mentioned universities.
Rent should be within 350$ per month or (350,000 won - inclusive of utilities) or 400,000 won within Seoul.
Any pointers would be highly appreciated.
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