Yoon Jun-byeong: "'Jeonse is good, Wolse is evil' expression is inappropriate"

"'Lease Protection Act' Should Guarantee Jeonse to Monthly Rent Conversion Rate"

Yoon Joon-byung, Member of the Democratic Party of Korea./Photo by Yonhap News

[Asia Economy Intern Reporter Seulgi Kim] Amid controversy over Rep. Yoon Jun-byeong of the Democratic Party of Korea stating that "the conversion from jeonse to monthly rent is not a bad phenomenon," on the 3rd, Rep. Yoon said, "It is inappropriate to describe jeonse as good and monthly rent as evil."

On the same day, in an interview with MBC Radio's 'Kim Jong-bae's Focus,' Rep. Yoon said, "Currently, the system has monthly rent accounting for 60%, a larger share, so it is not right for people who pay monthly rent to be perceived as 'bad.'"

Rep. Yoon explained, "We have enacted reform legislation including the conversion rate between jeonse and monthly rent. We must work together to ensure that the purpose of this is fully realized. Legally, the conversion rate is 4%, but in reality, it is set at 5% or higher in the field. To correct this, the Lease Protection Act must be applied quickly."

He added, "If the government's recommendations and mandatory regulations differ from reality, those parts should be regulated to protect tenants from harm, especially the monthly rent tenants who are more numerous."

He also said, "'The Three Lease Laws' do not only bind landlords. The real estate market is being normalized from a negative direction, and it is not right to evaluate the reduction of vested interests and preferential elements obtained in the past during this normalization process as 'binding'."

Earlier, on the 1st, Rep. Yoon sparked controversy by claiming in a post on his Facebook, "The jeonse system is destined to naturally disappear as income levels increase."

This content was produced with the assistance of AI translation services.