Acquisition of a Goshiwon in Korea

1. Overview of the Project

The investor will acquire and operate an existing goshiwon (micro-residence, 고시원) located in Seoul, Republic of Korea. A goshiwon is a small-unit residential facility widely used by students, office workers, and short-term residents who require affordable and convenient accommodation in urban areas.

The project will involve the purchase of the operational assets of an existing goshiwon, including interior facilities, furnishings, equipment, and business goodwill, along with the transfer of the existing lease agreement subject to the building owner’s consent.

The total planned investment amount is KRW 350,000,000, which will be used for acquisition costs, working capital, and operational improvements.

2. Business Structure

• Business type: Goshiwon operation (micro-residential accommodation)

• Location: Seoul, Republic of Korea

• Form of investment: Establishment or acquisition of a Korean corporation with foreign investment

• Total investment amount: KRW 350,000,000 (approximately, USD 243,000 as of February 28, 2026)

The investor will invest the funds into a Korean entity, which will then acquire the goshiwon business assets and operate the facility.

3. Revenue Model

The primary revenue source will be monthly room rental fees.

Typical assumptions:

• Number of rooms: 30–50 rooms (depending on location)

• Average monthly rent per room: KRW 350,000 – 700,000

• Target occupancy rate: 85–95%

This structure is expected to generate stable monthly revenue sufficient to cover operating expenses and provide sustainable income for the business.

4. Business Advantages

• Stable demand

  Continuous demand from students, office workers, and single-person households in Seoul.

• Low operational complexity

  • Simple service model without complex inventory or supply chains.

• Predictable cash flow

  • Monthly rental income with relatively low vacancy risk.

• Scalability

  • Potential to acquire additional goshiwon facilities in the future.

5. Compliance and Risk Management

The business will:

• Comply with all Korean fire safety, building, and sanitation regulations.

• Maintain required insurance and safety systems.

• Ensure proper registration and licensing with local authorities.

Operational risks such as vacancy or maintenance issues will be mitigated through:

• Competitive pricing

• Regular facility upgrades

• Professional management (if outsourced)

All visa approvals are subject to review by the relevant Korean authorities and cannot be guaranteed.