What is the basic problem when moving out?

In many Korean rentals, the deposit is returned only after the next tenant moves in. This custom means a delayed new tenant can delay your refund, which is why many foreign residents are caught off guard when they leave.

As of October 2026, this guide is not a substitute for current legal advice. Rules on notice, deposits, and fees can change, so verify them directly.

What did the government try to change?

According to a Yonhap News Agency report from October 23, 2003, Korea's Investment Service Center and the Ministry of Commerce, Industry and Energy announced seven improvement plans for foreign residents. The plans aimed to replace the traditional practice of paying two years of rent in advance with a deposit of three to six months followed by monthly rent, a system closer to what many advanced countries use.

The same plans said real estate agencies demanding excessive commissions would face administrative measures, and that lease guarantee insurance for foreigners would be extended from 165m2 to 330m2 homes.

How should you handle a delayed deposit?

Start by putting your request in writing, stating your move-out date and the deposit amount. Keep copies of your lease, payment records, and messages. If the landlord stalls, contact your real estate agent, since they are often involved in the deposit process.

For formal disputes, Korean consumer and housing support centers can advise you on next steps. Check the relevant government websites for current contact details.

What about the repair-reserve refund?

Many tenants forget to ask about the repair-reserve fund that some buildings collect. Depending on the building's management rules and your lease terms, a portion may be refundable when you leave. Ask your building management office or landlord whether any such amount applies to your unit.

For international fans

If you are a foreign resident planning to move, keep your lease, receipts, and proof of payment organized from the start. Look up the current official guidance from Korean government sites before signing a new contract or giving notice, since rules in older articles may no longer apply.