Seoul Southern District Prosecutors' Office Holds Meeting with Related Agencies to Address Jeonse Fraud Crimes
[Asia Economy Reporter Yoo Byung-don] On the 27th, the Seoul Southern District Prosecutors' Office held a meeting with related agencies, including the Criminal Division 1 (dedicated to real estate crimes, Chief Prosecutor Lee Eung-cheol) and officials from five local police and government bodies, regarding jeonse fraud crimes.
At the meeting, they shared the prosecution's firm stance on strict measures in response to the Supreme Prosecutors' Office's directive in July to "strictly respond to jeonse deposit fraud" and media reports expressing concerns about the spread of jeonse fraud victims. Discussions included △crime prevention and response measures among prosecution, police, and local governments △establishing a close cooperative investigation system among agencies.
According to the Ministry of Land, Infrastructure and Transport, the jeonse price-to-value ratio for multi-family and row houses in Gangseo-gu and Geumcheon-gu, Seoul, recently exceeded an average of 80%, with the ratio in Deungchon-dong, Gangseo-gu reaching 105%. The number of cases and damage scale of unreturned jeonse deposits reported to the Korea Housing & Urban Guarantee Corporation also showed Gangseo-gu ranking first in the metropolitan area (13.5 billion KRW). This indicates that the so-called 'empty-can jeonse' risk is becoming a reality in local communities, raising concerns about the spread of damage caused by related crimes.
In response, the prosecution judged that proactive measures against jeonse fraud crimes and close cooperation with related agencies are necessary to prevent crimes and the spread of damage, leading to the convening of this meeting.
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A representative from the Seoul Southern District Prosecutors' Office stated, "Centered on the dedicated jeonse fraud investigation team, we will cooperate with the police and local governments to thoroughly investigate related crimes such as the so-called 'empty-can jeonse' fraud, doing our utmost to minimize the damage caused by jeonse fraud crimes that undermine the foundation of ordinary citizens' lives."
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