Tag: jeonse fraud

jeonse fraud

Latest News

Alleged deposit fraudsters indicted for organized crime

Among the 2,995 victims with damages totaling around 459.9 billion won, more than half the victims were young people in their 20s or 30s. Five victims have died by suicide so far, four of them tenants who lived in apartments in Incheon.

2023.6.27

View of the low-rise apartments in Hwagok-dong at Gangseo District, Seoul, on Wednesday. Hwagok-dong along with Michuhol District in Incheon were mostly the target of jeonse fraud scammers. [YONHAP]

Government to request immediate suspension on rental auctions

The announcement came a day after President Yoon Suk Yeol ordered the government to come up with solutions to help the victims of jeonse fraud. A 31-year-old woman killed herself after she was scammed out of her deposit.

2023.4.19

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People hold a candlelight vigil in front of the subway station in Michuhol District, Incheon, late Tuesday to commemorate the victims of jeonse fraud who committed suicide. [YONHAP]

Over 200 officetel tenants fall victim to jeonse fraud

Some 250 officetel tenants in the Dongtan neighborhood of Hwaseong, Gyeonggi, have found themselves victim of another jeonse fraud.

2023.4.19

President Yoon Suk Yeol raises the issue of jeonse fraud, which has become a major social concern, during the cabinet meeting on Tuesday. [JOINT PRESS CORPS]

Yoon Suk Yeol calls for measures to protect tenants from housing fraud

The president's comment comes one day after a woman in her 30s committed suicide as she wasn’t able to recoup the 90 million won ($68,000) rent deposit after the house she was living in was auctioned off.

2023.4.18

A neighborhood in Eunpyeong, Seoul, full of low-priced housing units also known as villas with more high-valued apartments in the backdrop. [YONHAP]

Government announces measures to stop jeonse fraud

The government will be lowering the state-owned Korea Housing and Urban Guarantee Corporation's (HUG) backing of jeonse loans from 100 percent to 90 percent of the housing unit’s value. Sone 1,207 people have fallen victim to such fraud.

2023.2.2

Tag: jeonse fraud

jeonse fraud

Latest News

Alleged deposit fraudsters indicted for organized crime

Government to request immediate suspension on rental auctions

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Over 200 officetel tenants fall victim to jeonse fraud

Yoon Suk Yeol calls for measures to protect tenants from housing fraud

Government announces measures to stop jeonse fraud