Moving to Bundang, Korea
Last updated on Mar 16, 2024
Summary: Moving to Bundang, Korea? Expats talk about what you need to know before moving to Bundang.
What do I need to know before moving to Bundang?
When we asked people what advice they would give someone preparing to move to Bundang, they said:
"Bundang, a district in Seongnam, South Korea, is a popular destination for expats due to its modern infrastructure, high standard of living, and proximity to Seoul. Before moving to Bundang, expats should familiarize themselves with the local culture, language, and customs to ensure a smooth transition. Firstly, learning basic Korean phrases and etiquette is highly recommended. Although many Koreans speak English, especially in the business sector, daily life can be easier if you can communicate in the local language. Korean society is based on respect and hierarchy, so understanding how to address people properly is important. Bundang is known for its high cost of living compared to other parts of Korea. The district is filled with upscale restaurants, shops, and housing. Expats should be prepared for these costs and budget accordingly. The district is also known for its excellent public transportation system. Buses and trains are reliable and efficient, and many people use them for daily commuting. Owning a car is not necessary, and can even be inconvenient due to heavy traffic and expensive parking fees. Bundang has a high standard of healthcare with numerous hospitals and clinics. However, expats should ensure they have adequate health insurance as medical costs can be high. The district is home to many international schools, making it a popular choice for expats with children. These schools often have long waiting lists, so it's advisable to apply as early as possible. Korean cuisine is a central part of the culture and can be quite different from Western food. Expats should be open to trying new foods, and be aware that vegetarian or vegan options may be limited. Lastly, South Korea has four distinct seasons, with hot, humid summers and cold, dry winters. Expats should be prepared for this climate change and pack accordingly. In conclusion, moving to Bundang can be an exciting adventure. With proper preparation and an open mind, expats can enjoy a comfortable and enriching life in this vibrant district," said one expat in Bundang.
How do I find a place to live in Bundang?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Bundang involves several steps. First, you need to determine your budget and the type of accommodation you want. This could range from a single room in a shared apartment to a full-sized family home. Next, you should research the different neighborhoods in Bundang to find one that suits your lifestyle and needs. Consider factors such as proximity to work or school, access to public transportation, and the presence of amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Bundang, such as Zigbang, Naver Real Estate, and DaBang. These sites allow you to filter listings based on your criteria and view photos and details of the properties. If you're not comfortable navigating these sites in Korean, you might consider hiring a real estate agent. An agent can help you find properties that meet your needs, arrange viewings, and negotiate with landlords. You can find real estate agents in Bundang through online directories or by asking for recommendations from friends or colleagues. Once you've found a property you're interested in, you'll need to arrange a viewing. This is your chance to check the condition of the property, ask questions about the lease terms, and get a feel for the neighborhood. If you decide to proceed with a property, you'll need to negotiate the lease terms and sign a contract. In Korea, it's common to pay a large deposit (known as "key money") and smaller monthly rent. Make sure you understand all the terms of the contract before signing. Finally, once the contract is signed and the deposit is paid, you can move into your new home in Bundang," commented one expat who made the move to Bundang.
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What is a typical expat home or apartment like in Bundang?
"A typical expat home or apartment in Bundang, is usually a modern, high-rise apartment with a stunning view of the city. These apartments are often fully furnished with contemporary furniture and appliances, including a washing machine, refrigerator, and air conditioning. The living room is usually spacious with a comfortable seating area and a flat-screen TV. The kitchen is typically equipped with modern appliances and utensils, making it easy for expats to prepare their meals. The bedrooms are usually cozy with comfortable beds and ample storage space. Some apartments may also have a small study or workspace, which is particularly useful for expats who work from home. The bathrooms are typically clean and modern, often equipped with a shower and a bathtub. Most expat apartments in Bundang also come with amenities such as high-speed internet, cable TV, and sometimes even a gym or a swimming pool in the building. The apartments are usually located in safe neighborhoods, close to public transportation, shopping centers, restaurants, and parks. In terms of style, many expat homes in Bundang reflect a blend of Western and Korean influences, with a focus on comfort and functionality. Despite being in a bustling city, these homes often offer a quiet and peaceful living environment. In addition, many expat homes in Bundang are located in expat-friendly neighborhoods, where there are international schools, foreign-friendly supermarkets, and other expats living nearby. This makes it easier for expats to settle in and feel at home in Bundang," commented one expat who made the move to Bundang.
What is the average cost of housing in Bundang?
If you are thinking about moving to Bundang, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Bundang can vary greatly depending on the type and size of the property. For a typical apartment, the cost can range from moderately priced to quite expensive. As of recent data, a standard three-bedroom apartment in Bundang can cost around 900 million to 1.5 billion Korean won. However, this can fluctuate based on the exact location within Bundang and the current state of the real estate market. Luxury apartments and houses can cost significantly more. It's also important to note that in Korea, a system called Jeonse is common where a large lump sum deposit is made instead of monthly rent, which can also affect the overall cost," remarked one expat who made the move to Bundang.
Should I buy or rent a home in Bundang?
If you have not spent a lot of time in Bundang, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Bundang, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Bundang for a long time, buying a home could be a good investment. Property in Korea, especially in popular areas like Bundang, tends to appreciate over time. However, buying a home requires a significant upfront cost, including a down payment, closing costs, and potential renovation expenses. You would also be responsible for ongoing costs like property taxes, insurance, and maintenance. If you're not ready for these financial commitments, renting might be a better option. Renting a home in Bundang offers more flexibility. It's a good option if you're not sure how long you'll stay, or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as you won't need to pay a large down payment or cover maintenance costs. However, renting doesn't build equity like buying a home does. Your monthly rent payments go to your landlord, not towards an investment in property. If you plan to stay in Bundang for many years, the cost of renting could eventually surpass the cost of buying a home. In conclusion, whether you should buy or rent a home in Bundang depends on your financial situation, long-term plans, and personal preferences. It's important to carefully consider all these factors before making a decision," remarked one expat in Bundang, Korea.
What should I pack when moving to Bundang?
We asked people living in Bundang to list three things they wish they had brought and three they wish they had left behind. They responded:
"When moving to Bundang, it's essential to pack clothing suitable for all four seasons, as the country experiences a hot, humid summer and a cold winter. You should pack lightweight clothing for the summer months, including shorts, t-shirts, and sandals, as well as heavier clothing for the winter, such as coats, sweaters, scarves, gloves, and boots. Don't forget to pack a good quality raincoat and umbrella, as the monsoon season can bring heavy rain. It's also a good idea to pack some formal attire, as Koreans often dress up for social events. In terms of toiletries, while most items are readily available in Korea, if you have specific brands that you prefer, it's a good idea to bring them with you. The same goes for any prescription medication you take - bring enough to last you until you can arrange a local supply. If you're planning on cooking at home, you might want to pack some of your favorite non-perishable food items, as they may be hard to find in Korea. Remember to pack any electronics you'll need, including a laptop, smartphone, and chargers. An international power adapter is also essential, as the plug sockets in Korea are different from those in many other countries. Lastly, don't forget to pack important documents, such as your passport, visa paperwork, and any other identification you'll need. It's also a good idea to bring copies of these documents, just in case," explained one expat living in Bundang, Korea.
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What cultural faux pas should I try to avoid making in Bundang?
We asked people in Bundang if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:
"In Bundang, it is considered rude to blow your nose in public, especially at the dining table. Avoid pointing with your fingers, as it is seen as disrespectful. Instead, use your whole hand to gesture. When receiving or giving something, especially money or business cards, use both hands as a sign of respect. Avoid touching someone you are not close with, as personal space is highly valued in Korean culture. It's also important to avoid writing someone's name in red ink, as it is associated with death. In terms of dining etiquette, wait for the eldest person to start eating before you begin. Also, never stick your chopsticks upright in your rice bowl, as it is a practice associated with funerals. When it comes to conversation, avoid discussing sensitive topics such as politics, North Korea, and the Korean War. It's also considered impolite to ask personal questions, especially about age, marital status, or income. Lastly, remember to remove your shoes when entering someone's home or certain traditional restaurants. This is a common practice in Korea to keep the indoors clean," explained one expat living in Bundang, Korea.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.