An additional 825 people have been recognized as victims of lump-sum “jeonse” rental housing deposit fraud, making them eligible for government support.
The Ministry of Land, Infrastructure and Transport announced on Thursday that it approved 825 out of one-thousand-eight requests seeking recognition as jeonse fraud victims the previous day.
As a result, the number of victims recognized by the government has risen to nine-thousand-109 since a special law went into effect on June 1 that provides support for jeonse fraud victims.
Under the law, eligibility extends to tenants with a fixed date on their jeonse contract whose residence is put up for auction while an investigation into alleged fraud is conducted.
Once eligible, the victims can apply for a deferment or suspension of the auction and decide whether to purchase the home through the right of first refusal or continue with the lease.