Sejong City Provides 'Loans and Emergency Housing' Support to Jeonse Fraud Victims

Sejong City will provide support for jeonse deposit loan and emergency housing for victims of jeonse fraud occurring in the region.

On the 17th, Sejong City announced that Mayor Choi Min-ho held an emergency meeting and decided to implement urgent measures with senior officials from related departments regarding jeonse fraud.

Under the emergency measures, victims of jeonse fraud (tenants) can obtain loans from local branches of Woori Bank with interest rates ranging from 1.2% to 2.1%, up to a maximum of 160 million KRW. Additionally, if the victim belongs to a vulnerable group, interest-free jeonse deposit loans of up to 100 million KRW will be available.

Emergency housing will also be provided for victims who need temporary shelter. Sejong City has currently secured 20 houses for emergency housing and plans to secure additional houses in consultation with Korea Land and Housing Corporation (LH) and others.

Identification of jeonse fraud victims will be conducted simultaneously. Sejong City plans to accept victim reports through the Jeonse Fraud Counseling Center, which has been operating since April, and provide detailed guidance on procedures such as issuing victim confirmation certificates and support measures for victims.

Mayor Choi said, “We will maintain close cooperation with judicial authorities and relevant central government departments to prevent the further spread of jeonse fraud in the region,” and added, “Above all, Sejong City will do its best to support victims of jeonse fraud.”

Meanwhile, the Sejong Police are currently investigating a couple, Mr. and Mrs. A, the representatives of a real estate corporation, on suspicion of fraud.

According to the police, the couple established a corporation and purchased urban-style residential housing and apartments through gap investment, renting out the houses.

However, problems arose recently as they failed to return the jeonse deposit despite the expiration of the jeonse contracts.

Currently, about 50 victims have filed complaints against Mr. A with the police, who are considering the possibility of additional victims coming forward.

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

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