Jeonse Fraud Prevention 'Pohang Avengers' Rise... Pohang City Joins Hands with 4 Organizations

Government Policy Sharing, Promotional Materials, and Regular Meetings

Protecting Citizens' Property Rights through Professional Counseling

An ‘Avengers’ team has emerged in Pohang to prevent jeonse fraud.

On the 27th, Pohang City announced that it has begun preparing countermeasures with related organizations to protect tenants from jeonse fraud and “empty jeonse” scams.

On the 24th, Pohang City, the Pohang branch of the Korea Legal Aid Corporation, the Pohang branch of the Korea Notary Association, and the Nam and Buk District branches of the Korea Association of Realtors in Pohang held a business agreement ceremony to prevent jeonse fraud and protect tenants.

This agreement ceremony is a proactive measure by Pohang City to respond to recent jeonse fraud and empty jeonse cases, such as the ‘Villa King case’ and the ‘Three Mothers Jeonse Fraud case,’ which have occurred mainly in the Seoul metropolitan area. Through this agreement, Pohang City has decided to join forces with four related organizations to prevent citizens’ property damage and ensure housing stability.

On the 24th, Pohang City held a business agreement ceremony with related organizations including the Pohang Branch of the Korea Legal Aid Corporation, the Pohang Branch of the Korea Judicial Scrivener Association, and the Pohang Nam-gu and Buk-gu Branches of the Korea Association of Realtors to prevent jeonse fraud and protect tenants. (Photo 1. From left: Do Gyuseong, President of the Pohang Buk-gu Branch of the Korea Association of Realtors; Kim Hyunwoon, President of the Pohang Nam-gu Branch of the Korea Association of Realtors; Kim Namil, Vice Mayor of Pohang City; Jo Piljae, Head of the Pohang Branch of the Korea Legal Aid Corporation; Park Soonjin, Head of the Pohang Branch of the Korea Judicial Scrivener Association) Photo by XXX

Pohang City and the four organizations agreed to establish an organic cooperation system to prevent jeonse fraud by sharing government policies and jointly responding to unfair real estate transactions, conducting rights analysis and counseling to prevent empty jeonse and jeonse fraud, and holding regular meetings to devise measures for citizens’ housing stability.

Although there have been no reported cases of damage due to jeonse fraud so far, the jeonse rate (jeonse price compared to sale price) is high, raising concerns about potential jeonse fraud damage. Therefore, the city plans to produce and distribute promotional materials related to lease contracts, provide telephone counseling, and conduct on-site counseling at universities and other locations.

Kim Nam-il, Vice Mayor of Pohang City, said, “Participating organizations will maintain continuous cooperation to ensure that no citizens suffer from jeonse fraud,” adding, “We plan to contribute to the formation of a stable real estate transaction market.”

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