From Corporate Cage to Cozy Loft: How One Woman Escaped NYC for a $640 Dream Life in South Korea!

N-Ninja
3 Min Read

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A top-down view of the <a class=living area, as viewed from the loft.” ⁤/>
Chen Teng’s loft-style apartment in Seoul.
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  • In 2016, Chen Teng made a bold move from her corporate role in New York to South Korea.
  • What ⁤began as a two-year plan has evolved ⁣into an eight-year adventure in Seoul.
  • Teng currently resides in‍ a charming loft, paying 870,000 Korean ⁤won (approximately $640) monthly for rent.

Feeling confined by her digital marketing position back in New York City, Chen Teng decided to take a leap of faith and relocate abroad. The native New Yorker ⁤with Taiwanese heritage had long harbored dreams of living in Asia and felt that the moment had finally arrived to pursue​ that‌ dream.

‌⁤ ⁢ A‌ woman in a floral dress.

Chen Teng transitioned ‍from New York to ⁢Seoul during her early‌ twenties.

“Working at my office job felt ⁤stifling,” she shared with Business Insider. “I wanted to challenge myself and do something completely different.”

In 2016, she packed up her​ life⁤ and set⁣ off for South Korea without knowing anyone or ‍speaking Korean. “My knowledge of Korea was limited; I only knew about K-Town ⁢back home. I enjoyed the food but not much else,” she recalled. After visiting for just one week on vacation, she thought to herself, ‘This ‌place ⁢has potential.’

⁣‌ The living area.

Teng’s favorite spot ⁢is her‌ little⁢ workspace by the windows.
⁣ ⁣

The processing time for her visa took several months⁢ before she could officially start this ‍new chapter. What was initially planned as a brief two-year stay ​has‌ now ‍turned‌ into an ongoing journey spanning over eight years.

Searching for an Apartment in Seoul

Teng is now thriving as a​ freelancer and model but only moved into her current studio—located near Mok-dong—this past May ⁢after needing to find new accommodations due to redevelopment plans affecting her previous neighborhood.

She sought out an apartment filled with ⁣natural light situated within modern buildings ⁤close to subway access. While many landlords utilize the ⁣traditional rental system known as “jeonse,” which requires tenants to pay substantial lump-sum deposits​ instead of monthly rent payments, she preferred ⁤”wolse,” which involves smaller deposits ⁢alongside ‍monthly rent payments instead.

The kitchen.
⁣ ⁣

The main living area features both kitchen⁣ and dining spaces downstairs.

Teng set aside 10 million Korean won for ​deposit while aiming for under 900,000 won per month on rent. However, finding suitable housing proved challenging; some landlords were hesitant about renting ⁢their properties due solely​ because she ⁣was foreign—even though by then she’d become fluent in Korean!

A staircase doubles as storage.
The stairs lead up towards sleeping quarters.
Chen Teng.

Teng explored‍ over thirty apartments within just one month before finally discovering where ⁤she’d⁣ call home next!

A Loft Lifestyle Under⁤ $700

This studio boasts an open-plan ‌design: The main areas including kitchen &‍ dining are located below while ​sleeping quarters rest above! One downside however is that standing upright isn’t possible due low ceiling heights…


ATENG Can’t⁤ Stand Up Straight In Her Sleeping Area.

CHEN TENG .
< P >Her Monthly Rent Stands At870 ,000Korean ​Won ($640), Alongside A Deposit⁤ Of10 Million Won For This Apartment Plus90 ,000Won For Maintenance Fees Each Month .
< P >Convenience ‍Stores And Restaurants Abound In Her Neighborhood ‌With A Large Supermarket Nearby Too! Although She Notes That‌ “As Long As You’re In A Central Metropolis Anything Can Be Delivered Here” .
< P >Her Favorite Spot Is By The Windows Where She Has‌ Set ‌Up A Workspace⁤ To Spend Most Of Her ‍Time Working On ‌Projects . “While My View Isn’t Scenic Like Rivers Or Mountains It’s Adorable Because I Love ⁢Watching ⁤People Go By!” She Said .


The

CHEN TENG ⁢.⁣


THE‌ BACK IN NEW YORK,TENG WAS STILL LIVING WITH FAMILY IN BROOKLYN APARTMENT WHERE COMMUTE TO MIDTOWN MANHATTAN TO OFFICE WOULD ⁢TAKE OVER AN HOUR NOW SHE ENJOYS HAVING HER OWN PLACE !





“WHEN STARTING WORK ​AT ENTRY LEVEL⁤ DIDN’T UNDERSTAND⁤ HOW PEOPLE AFFORDED RENT FOOD AND FUN ⁤ACTIVITIES!” SHE SAID ADDING THAT LAST YEAR‌ WHEN VISITING HOME LOOKED AT ZILLOW FOR FUN NOTICING THAT WHILE PAYING LESS THAN$700 HERE COULD PAY DOUBLE BACK HOME WITHOUT GETTING ANYTHING WORTHWHILE!”

According To Recent ⁢Reports From Zillow Rents Increased Over Seven Times Faster Than Wages Between2022-2023 Meaning​ An Individual Would Need Around$140K ⁤Annually Just‍ To ⁢Live ‌Comfortably ⁤Within NYC!

Establishing Roots Abroad

Evolving Into Life ​Within South Korea Took Some Time But Eventually Became Easier For TENG Who Initially Came⁢ Through Government Program Teaching ⁤English Allowing Her Opportunities Meet Others Along Way!

SHE ‌MADE FRIENDS BY PUTTING HERSELF OUT THERE DESCRIBING HOW DURING EARLY TWENTIES SHE FREQUENTLY WENT OUT AND ⁣HAD FUN EVEN THOUGH BEING ⁣INTROVERTED MADE IT CHALLENGING INITIALLY! “IF I DON’T INITIATE CONVERSATION NO ONE WILL TALK TO ME,” SHE SAID REFLECTIVELY!

Missing Important Moments While Living ‍Overseas

Although Considering Returning Back‌ Home Nothing Is Certain Yet If So Would Have ‍Start Off Living With‌ Family Again ‌Due High ⁢Costs ‍Associated With NYC Living Expenses!

“I THINK THE HARDEST PART ABOUT LIVING ABROAD IS MISSING ⁤SO MANY IMPORTANT EVENTS LIKE⁣ WEDDINGS⁤ OR BABY ANNOUNCEMENTS WHICH CAN LEAD GUILTY FEELINGS,” SHE SHARED BUT ADDED ⁤THAT DESPITE THIS HAS⁤ BUILT LIFE HERE TOO!

Despite Challenges Faced Throughout Journey No Regrets Exist‌ Regarding Decision Made!

“I WOULD NEVER HAVE EXPERIENCED‍ THIS LIFESTYLE HAD IT NOT BEEN FOR⁤ MOVEMENT INTO KOREA⁤ WHICH COULD BE GOOD OR BAD DEPENDING ON VIEWPOINT!”

“My BIGGEST ⁢QUESTION CAME FROM ⁢WORK ENVIRONMENT ⁤WHERE ‍ASKED MYSELF IF WANT​ JOB ⁢HELD BY BOSS YEARS DOWN ROAD ONLY REALIZATIONS WERE NO INTEREST IN CURRENT ‍POSITION!”

While Job Was Good Overall Environment Didn’t Suit Needs Well Enough.

“NOW LOVE⁣ MAKING MY OWN SCHEDULE ESSENTIALLY!”

*Have you recently built or renovated your dream home? If you’ve got​ a story worth sharing please ‌reach out via ⁢email at*
*agoh@businessinsider.com**.*


Read original article on Business Insider

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