Understanding the process and terminology surrounding apartment auctions (아파트 경매) in Korea requires specific vocabulary. This guide provides essential Korean expressions and cultural context related to real estate auctions, helping you navigate discussions or research on this topic, whether for investment or general knowledge.
Table Of Content
Core Expression
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Expression: 아파트 경매
Pronunciation: a-pa-teu gyeong-mae
Meaning: Apartment Auction
Key Auction Vocabulary
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Expression: 법원 경매
Pronunciation: beo-bwon gyeong-mae
Meaning: Court Auction -
Expression: 부동산 경매
Pronunciation: bu-dong-san gyeong-mae
Meaning: Real Estate Auction -
Expression: 입찰
Pronunciation: ip-chal
Meaning: Bidding / Tender -
Expression: 낙찰
Pronunciation: nak-chal
Meaning: Successful Bid / Winning Bid -
Expression: 유찰
Pronunciation: yu-chal
Meaning: Failed Auction (no successful bid) -
Expression: 감정가
Pronunciation: gam-jeong-ga
Meaning: Appraised Value -
Expression: 최저 매각 가격
Pronunciation: choe-jeo mae-gak ga-gyeok
Meaning: Minimum Bid Price / Reserve Price -
Expression: 입찰 보증금
Pronunciation: ip-chal bo-jeung-geum
Meaning: Bid Deposit -
Expression: 권리 분석
Pronunciation: gwon-ri bun-seok
Meaning: Rights Analysis (analyzing liens, tenant rights, etc.) -
Expression: 매각 기일
Pronunciation: mae-gak gi-il
Meaning: Auction Date / Sale Date -
Expression: 경매 물건
Pronunciation: gyeong-mae mul-geon
Meaning: Auction Property / Item -
Expression: 채권자
Pronunciation: chae-gwon-ja
Meaning: Creditor
Asking About Auctions
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Expression: 아파트 경매 정보는 어디서 볼 수 있나요?
Pronunciation: a-pa-teu gyeong-mae jeong-bo-neun eo-di-seo bol su it-na-yo?
Meaning: Where can I find information about apartment auctions? -
Expression: 이 아파트 감정가가 얼마예요?
Pronunciation: i a-pa-teu gam-jeong-ga-ga eol-ma-ye-yo?
Meaning: What is the appraised value of this apartment? -
Expression: 최저 매각 가격이 어떻게 되나요?
Pronunciation: choe-jeo mae-gak ga-gyeok-i eo-tteo-ke doe-na-yo?
Meaning: What is the minimum bid price? -
Expression: 입찰 보증금은 얼마를 내야 해요?
Pronunciation: ip-chal bo-jeung-geum-eun eol-ma-reul nae-ya hae-yo?
Meaning: How much is the bid deposit? -
Expression: 다음 매각 기일은 언제인가요?
Pronunciation: da-eum mae-gak gi-il-eun eon-je-in-ga-yo?
Meaning: When is the next auction date? -
Expression: 이 물건은 유찰된 적이 있나요?
Pronunciation: i mul-geon-eun yu-chal-doen jeok-i it-na-yo?
Meaning: Has this property ever failed to sell at auction before? -
Expression: 권리 분석은 어떻게 하나요?
Pronunciation: gwon-ri bun-seok-eun eo-tteo-ke ha-na-yo?
Meaning: How do you perform a rights analysis? -
Expression: 경매 절차가 어떻게 되나요?
Pronunciation: gyeong-mae jeol-cha-ga eo-tteo-ke doe-na-yo?
Meaning: What is the auction procedure? -
Expression: 현장 조사는 필수인가요?
Pronunciation: hyeon-jang jo-sa-neun pil-su-in-ga-yo?
Meaning: Is an on-site inspection essential? -
Expression: 경매 대행 서비스도 있나요?
Pronunciation: gyeong-mae dae-haeng seo-bi-seu-do it-na-yo?
Meaning: Are there auction agency services available? -
Expression: 명도 소송은 무엇인가요?
Pronunciation: myeong-do so-song-eun mu-eo-sin-ga-yo?
Meaning: What is an eviction lawsuit? (Often relevant after winning an auction)
Discussing Auction Participation and Results
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Expression: 경매에 입찰하려고 합니다.
Pronunciation: gyeong-mae-e ip-chal-ha-ryeo-go ham-ni-da.
Meaning: I intend to bid at the auction. -
Expression: 얼마에 입찰할 생각이에요?
Pronunciation: eol-ma-e ip-chal-hal saeng-gak-i-e-yo?
Meaning: How much are you planning to bid? -
Expression: 오늘 경쟁이 치열했어요.
Pronunciation: o-neul gyeong-jaeng-i chi-yeol-hae-sseo-yo.
Meaning: The competition was fierce today. -
Expression: 제가 최고가 매수인이 되었습니다.
Pronunciation: je-ga choe-go-ga mae-su-in-i doe-eot-seum-ni-da.
Meaning: I became the highest bidder. -
Expression: 아쉽게도 낙찰받지 못했어요.
Pronunciation: a-swip-ge-do nak-chal-bat-ji mo-tae-sseo-yo.
Meaning: Unfortunately, I didn’t win the bid. -
Expression: 그 아파트는 얼마에 낙찰되었나요?
Pronunciation: geu a-pa-teu-neun eol-ma-e nak-chal-doe-eot-na-yo?
Meaning: What was the winning bid price for that apartment? -
Expression: 낙찰 가격이 감정가보다 높았어요.
Pronunciation: nak-chal ga-gyeok-i gam-jeong-ga-bo-da no-pa-sseo-yo.
Meaning: The winning bid price was higher than the appraised value. -
Expression: 이번에는 유찰되었어요.
Pronunciation: i-beon-e-neun yu-chal-doe-eot-sseo-yo.
Meaning: It failed to sell this time (the auction was unsuccessful). -
Expression: 잔금 납부 기한은 언제까지인가요?
Pronunciation: jan-geum nap-bu gi-han-eun eon-je-kka-ji-in-ga-yo?
Meaning: What is the deadline for paying the remaining balance? -
Expression: 경매로 집을 사는 것은 위험 부담이 있습니다.
Pronunciation: gyeong-mae-ro jib-eul sa-neun geo-seun wi-heom bu-dam-i it-seum-ni-da.
Meaning: Buying a house through auction involves risks. -
Expression: 시세보다 싸게 살 수 있는 기회예요.
Pronunciation: si-se-bo-da ssa-ge sal su it-neun gi-hoe-ye-yo.
Meaning: It’s an opportunity to buy cheaper than the market price.
Korean Culture Notes
Court auctions (법원 경매) are a common way properties change hands in Korea, often resulting from foreclosures. They are managed through the official court system, and information is publicly available online.
Participating in auctions requires careful preparation. Understanding the 권리 분석 (gwon-ri bun-seok – rights analysis) is crucial. This involves checking for existing tenants, liens, or other legal rights attached to the property that the winning bidder might inherit.
Due to the complexities and potential risks (like dealing with existing occupants or hidden debts), many individuals hire specialized consultants or lawyers (경매 컨설턴트/변호사 – gyeong-mae keon-seol-teon-teu/byeon-ho-sa) to assist with the process, from research and bidding to handling post-auction procedures like eviction (명도 – myeong-do).
While auctions can offer properties below market value, the final price (낙찰가 – nak-chal-ga) can sometimes exceed the initial appraisal (감정가 – gam-jeong-ga) due to competitive bidding, especially for desirable apartments in popular locations.
A bid deposit (입찰 보증금 – ip-chal bo-jeung-geum), typically 10% of the minimum bid price, is required to participate. If you win the bid but fail to pay the remaining balance, you forfeit this deposit.
Real Conversation Example
Situation: Two friends, Minjun and Sora, are discussing the possibility of buying an apartment through an auction.
Characters:
- A: Minjun (Interested in auctions)
- B: Sora (Has some knowledge about real estate)
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Expression: A: 요즘 아파트 값이 너무 비싸서 경매 쪽을 알아보고 있어.
Pronunciation: A: yo-jeum a-pa-teu gap-si neo-mu bi-ssa-seo gyeong-mae jjok-eul a-ra-bo-go i-sseo.
Meaning: A: Apartment prices are so high these days, so I’m looking into auctions. -
Expression: B: 아, 법원 경매 말하는 거지? 잘 알아보면 시세보다 싸게 살 수도 있대.
Pronunciation: B: a, beo-bwon gyeong-mae mal-ha-neun geo-ji? jal a-ra-bo-myeon si-se-bo-da ssa-ge sal su-do it-dae.
Meaning: B: Oh, you mean court auctions? I heard you can buy cheaper than the market price if you research well. -
Expression: A: 맞아. 근데 권리 분석 같은 게 복잡하다고 하더라고.
Pronunciation: A: ma-ja. geun-de gwon-ri bun-seok ga-teun ge bok-ja-pa-da-go ha-deo-ra-go.
Meaning: A: Right. But I heard things like rights analysis are complicated. -
Expression: B: 응, 그게 제일 중요해. 잘못하면 보증금 날리거나 추가 비용이 들 수도 있어. 입찰 보증금도 준비해야 하고.
Pronunciation: B: eung, geu-ge je-il jung-yo-hae. jal-mo-ta-myeon bo-jeung-geum nal-li-geo-na chu-ga bi-yong-i deul su-do i-sseo. ip-chal bo-jeung-geum-do jun-bi-hae-ya ha-go.
Meaning: B: Yes, that’s the most important part. If you make a mistake, you could lose your deposit or incur additional costs. You also need to prepare the bid deposit. -
Expression: A: 경매 물건 정보는 어디서 주로 봐?
Pronunciation: A: gyeong-mae mul-geon jeong-bo-neun eo-di-seo ju-ro bwa?
Meaning: A: Where do you usually look for auction property information? -
Expression: B: 대법원 경매정보 사이트가 공식적이고, 유료 정보 사이트들도 많아. 직접 법원에 가서 공고를 볼 수도 있고.
Pronunciation: B: dae-beo-bwon gyeong-mae-jeong-bo sa-i-teu-ga gong-sik-jeo-gi-go, yu-ryo jeong-bo sa-i-teu-deul-do ma-na. jik-jeop beo-bwon-e ga-seo gong-go-reul bol su-do it-go.
Meaning: B: The Supreme Court Auction Information website is the official one, and there are many paid information sites too. You can also go directly to the court to see the notices. -
Expression: A: 그렇구나. 한번 신중하게 더 알아봐야겠다. 고마워!
Pronunciation: A: geu-reo-ku-na. han-beon sin-jung-ha-ge deo a-ra-bwa-ya-get-da. go-ma-wo!
Meaning: A: I see. I should look into it more carefully. Thanks!
Practice Tips
Familiarizing yourself with auction terminology is the first step! Try reading articles or watching news segments about Korean real estate auctions (부동산 경매 뉴스 – bu-dong-san gyeong-mae nyu-seu) and listen for the keywords learned today~.
You can visit the official Korean Court Auction Information website (대한민국 법원 경매정보) to see real listings. While navigating the site might be challenging initially, it’s excellent practice for recognizing terms like 감정가, 최저매각가격, and 매각기일 in context.
Practice constructing sentences using the vocabulary. For example, try explaining the concept of 유찰 or 낙찰 to a friend or study partner. Repetition is key to making these specialized terms part of your active vocabulary!
