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South Korea: S Korea sees new rental trend emerge as more residents opt for 'co-living' spaces

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The concept of "co-living" has emerged as a popular new alternative for many South Koreans amid a rising trend of one-person households in the country, with a growing number of tenants opting to live in well-equipped apartment complexes which provide individual rooms alongside shared living spaces. According to official data released by the South Korean government, the number of so-called "one-person households" last year surpassed the 10-million mark for the first time, which accounted for over 40 percent of all registered households in the country. In one such co-living complex in the capital Seoul, each unit features a private bedroom, bathroom, and a small kitchen area for individual renters, while other amenities like laundry facilities, a coffee house and a gym are shared by all residents. Despite paying slightly higher rental fees, tenants are choosing to live here because their costs are offset by the savings they make on investing in home appliances and furniture. These co-living complexes also offer access to other day-to-day services and provide diverse common spaces where residents can interact with others and enjoy socializing together. The demand for these complexes is rapidly on the rise, with data showing there were more than 6,000 of these co-living housing units available in Seoul in the first half of 2025, more than four times higher than the end of 2020. As this growth is set to continue, many analysts estimate that the number of co-living housing units across South Korea as a whole will surpass 15,000 by the end of the year. Currently, most co-living complexes in Seoul are located near universities and central business districts, catering to the sizable student population and young professionals. The broader residential rental market in South Korea has also been attracting notable international investors like Morgan Stanley, highlighting how many global firms recognize the vast economic potential of this expanding rental trend. Shotlist: Seoul, South Korea - Recent: 1. Apartment complex; 2. Various of amenities in apartment; 3. Various of shared living space, receptionist; 4. Various of amenities in shared living space, apartment; 5. SOUNDBITE (Korean) Ko Soo-Yeon, head of marketing department, South Korean shared housing developer (ending with shot 6): "Residents spontaneously organize various employment-related networking events in shared spaces like lounges and meeting rooms, and even host wine-tasting gatherings. While many want to have their private spaces, others hope they will feel less lonely by participating in gatherings."; 6. Various of amenities in apartment, sign of common living room, seating area; 7. Various of cityscape, residential buildings; 8. Hallway in co-living complex; 9. Shared kitchen; 10. Various of university buildings, students; 11. SOUNDBITE (Korean) Seoul resident (name not given) (ending with shots 12-14): "If you can live with persons you can get along well with, I think co-living house is a good option. Most university dorms don't have a kitchen, but co-living houses are comparatively more well equipped with amenities and that's the reason why they are attractive."; 12. Various of cafe, people; 13. Various of books, printer; 14. Various of apartment for rent; 15. Various of interior of co-living complex, signs; 16. Shared living space; 17. Various of cityscape, residential buildings under construction. [Restriction - No access Chinese mainland]

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