[Exclusive] Jeonse Hell... 167 Trillion Won in Jeonse Loans, Half Taken by 2030 Generation

The amount of jeonse deposit loans from 17 banks nationwide has increased every year, surpassing 167 trillion won. It was found that 810,000 people in their 20s and 30s who took out jeonse deposit loans account for more than half of all borrowers (debtors).

According to the 'Jeonse Deposit Loan Status' data obtained by Asia Economy on the 8th through the office of Lee Jong-bae, a member of the People Power Party, from the Financial Supervisory Service, as of the end of April, the total number of jeonse deposit loan debtors was 1,335,090, and the total amount reached 167.051 trillion won.

The balance of jeonse deposit loans has been increasing by an average of 30 trillion won annually. The balance of jeonse deposit loans, which was 98.7315 trillion won in 2019, increased by 33.5786 trillion won to 132.3101 trillion won in 2020. In 2021, it rose to 162.0119 trillion won, an increase of 29.7018 trillion won compared to the previous year. The number of debtors also showed an increasing trend every year. The number of jeonse deposit loan debtors increased by an average of 190,000 annually, from 924,714 in 2019 to 1,144,366 in 2020, and 1,304,991 in 2021.

In particular, among those who took out jeonse deposit loans, 816,353 people in their 20s and 30s accounted for 61.1% of the total. Their jeonse deposit loan balance was 96.3672 trillion won, about 58% of the total balance. The number of 20-30-year-old debtors taking out jeonse loans also increased every year. The number of debtors in their 20s and 30s increased by 56% (294,317 people) compared to 2019 (522,036 people). Jeonse deposit loan debtors increased across all age groups from their 40s to 60s and above, with increases of 24%, 30%, and 47% respectively compared to 2019.

The continued increase in jeonse loans is analyzed to be influenced by the rise in jeonse prices. According to Real Estate R114, the rate of change in jeonse prices during the five years of the Moon Jae-in administration showed an average nationwide increase of 40.64%.

Representative Lee said, "Since the implementation of the three lease laws, the average jeonse price nationwide has surged, leading to an increase in jeonse deposit loans," and added, "With the recent trend of interest rate hikes, the interest burden on the main debtors of jeonse deposit loans, the 20s and 30s generation, is expected to increase further, so urgent government measures are needed."

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