[2020 National Audit] Tenants Unable to Recover Jeonse Deposits, 58.9 Billion KRW Lost This Year

Democratic Party Rep. Park Sang-hyuk: "Cases of not receiving deposits due to empty-can jeonse increasing... Measures like jeonse deposit insurance must be strengthened"

[Asia Economy Reporter Won Dara] It has been revealed that the unpaid jeonse deposits that tenants could not recover due to houses going to auction amounted to 58.9 billion KRW this year alone.

According to data submitted by the Supreme Court to Park Sang-hyuk, a member of the National Assembly Land, Infrastructure and Transport Committee from the Democratic Party of Korea, as of July this year, there were 1,394 cases where tenants did not receive their rental deposits due to houses going to auction, totaling 58.9 billion KRW. This figure approaches last year's total of 2,092 cases and 73 billion KRW. In 2018, there were 1,738 cases amounting to 60.2 billion KRW.

By housing type, apartments accounted for the highest number with 549 cases, followed by single-family houses and multi-family houses (299 cases), row houses and multi-unit villas (196 cases), multi-family houses (112 cases), multi-unit houses (110 cases), single-family houses (64 cases), and villas (2 cases). Notably, the proportion of unpaid deposits in apartments has increased. In 2018, apartments accounted for 35.8% of all unpaid cases, rising to 40% last year and 40.6% this year. Based on the amount unpaid, apartments accounted for 40.9%, increasing to 44.5% last year and 47.4% this year.

Assemblyman Park stated, "As cases where tenants cannot properly recover their deposits due to issues like 'Kkangtong Jeonse' are increasing recently, it is necessary to strengthen tenant housing stability measures such as jeonse deposit insurance."

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