Over 50 Young People in Sejong Also Victims of 'Jeonse Fraud'... "Number of Victims May Increase"

In Sejong, more than 50 young people have fallen victim to a jeonse fraud, prompting the police to launch an investigation.

On the 17th, the Sejong Police Agency announced that they have booked and are investigating Mr. A and his spouse, representatives of a real estate corporation, on charges of fraud.

According to the police, Mr. A and his spouse established a corporate company and purchased urban-style residential housing and apartments through gap investment, then leased the houses under jeonse contracts.

However, they have been booked on suspicion of failing to return the jeonse deposit despite the recent expiration of the jeonse contracts.

The number of victims who have filed complaints against Mr. A with the police has already exceeded 50. Considering that Mr. A is known to own at least several hundred houses, the police anticipate that the number of victims and the scale of damage are likely to increase further.

Many of the complainants (tenants) are reported to be young people in their 20s to 40s.

Earlier, during the investigation of suspected jeonse fraud cases, the Ministry of Land, Infrastructure and Transport requested an investigation into Mr. A, leading to the police starting their inquiry at the end of last month.

Recently, the police conducted raids on the residences of Mr. A and his spouse, their rental office, and a real estate agency, securing documents such as jeonse transaction contracts.

A police official stated, "The police are focusing on identifying the current status of the damage, paying close attention to the possibility that the number of jeonse fraud victims and the scale of damage may increase further."

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