Incheon City Supports Jeonse Deposit Return Guarantee Fees for Homeless Youth

Incheon City announced on the 25th that it will implement the 'Jeonse Deposit Return Guarantee Premium Support Project' targeting young people, as cases of damage caused by jeonse fraud have recently increased.

The support targets young people without housing who reside in Incheon City, with ▲a deposit of 300 million KRW or less ▲an annual income of 50 million KRW (70 million KRW for newlyweds) or less ▲aged between 18 and 39 years old. Those who have subscribed to the Jeonse Deposit Return Guarantee (HUG, HF, SGI) after January 1 of this year can receive support for the paid premium up to a maximum of 300,000 KRW.

However, those living in rental housing owned by registered rental business operators who are legally required to subscribe to the return guarantee, or tenants who are corporations, are excluded from the support.

Applications can be submitted by visiting the district or county office with jurisdiction over the applicant's address starting from the 26th, and for young people who find it difficult to apply in person, an online application system (Government24) will be introduced from the 10th of next month.

An official from Incheon City said, "Young people such as social newcomers and newlyweds, who have little experience with lease contracts, often do not subscribe to guarantees to reduce subscription costs, making them vulnerable to jeonse fraud damage," adding, "We hope that through this support project, many young people will subscribe to guarantees and prevent damage."

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