Enkorwithus Raises KRW 2 Billion in Pre-A Funding to Accelerate Housing Innovation

A Leap Forward in Housing Solutions for Foreign Residents

At some point, we've all imagined—or even experienced—the challenges of starting a new life in a foreign country. Language barriers, complex lease agreements, and the struggle to find trustworthy rental information make securing stable housing a daunting task for foreigners.

Founded in 2020, Enkorwithus set out to solve these problems by launching Enkor Stay, a mid-to-long-term rental platform tailored for foreign residents. Today, we are excited to announce the successful completion of our KRW 2 billion Pre-A funding round, which will enable more foreigners to access safe and convenient housing options in Korea.

Expanding Our Reach Through Innovation

This funding will be strategically invested in enhancing our technology, strengthening marketing efforts, and recruiting top talent. Our AI-powered matching system will be further refined to optimize the user experience, while localized solutions will be developed to address Korea’s unique housing market, including non-standard rental systems such as jeonse and banjeonse.

Additionally, we are committed to driving platform and regulatory innovation, ensuring that foreign residents can seamlessly access housing options without unnecessary friction. To achieve this, we will continue to expand our expert team and elevate the quality of our services.

Addressing Key Challenges in the Market

With the increasing global mobility of professionals, the demand for housing solutions tailored to foreign residents is rising. However, significant obstacles remain:

• Difficulty in accessing reliable rental listings.
• Complex lease agreements with significant language barriers.
• Lack of access to essential local knowledge for seamless relocation.

Enkorwithus tackles these challenges through its multilingual support, localized housing insights, and streamlined rental processes. We have collaborated with Seoul Metropolitan Government, the Seoul Tourism Organization, and Sogang University to improve foreigner-friendly housing infrastructure—an initiative that has been well received by investors.

Furthermore, to meet the growing demand for long-term stays in Korea, we are developing a comprehensive Lifestyle Value Chain for foreign residents. This initiative will go beyond simple housing solutions to include living support, financial services, and community integration, enabling a seamless relocation experience.

Real Stories from Our Users

Foreign residents using Enkor Stay have praised our platform’s simple lease processes and all-in-one living support services:

• “Finding a home in Seoul felt overwhelming, but Enkor Stay made it easy to settle in without language barriers.” – Maria, USA
• “It was reassuring to rely on a platform trusted by expats worldwide.” – Liam, Australia
• “From signing the lease to getting essential living information, everything was streamlined.” – Sophia, France

These testimonials reflect our commitment to providing not just housing, but a trusted and supportive environment for foreigners living in Korea. Moving forward, we will continue refining our services to prioritize user needs.

What’s Next for Enkorwithus

At Enkorwithus, we envision becoming a ‘Global Culture Bridge’—connecting foreign residents with local communities through innovative housing solutions. Our mission extends beyond simple leasing; we aim to empower individuals to settle comfortably in a new environment and lead fulfilling lives.

This funding marks an important milestone in bringing that vision to life. We remain committed to leveraging technology and strategic partnerships to enhance the housing experience for foreigners in Korea and beyond.

📢 Want to learn more about Enkorwithus? Find out here