Changwon Special City, "Apply for Youth Jeonse Deposit Return Guarantee Fee"

For Young Adults Starting Their Careers and Low-Income Youth

Changwon Special City in Gyeongnam is promoting the '2023 Youth Jeonse Deposit Return Guarantee Fee Support Project' to prevent damage caused by the non-return of deposits to jeonse lease tenants.

Changwon Special City Hall.

This project is part of a policy to prevent damage to low-income youth, such as young adults vulnerable to jeonse fraud, by supporting the guarantee fees paid when subscribing to the Jeonse Deposit Return Guarantee provided by the Housing and Urban Guarantee Corporation (HUG), Korea Housing Finance Corporation (HF), and SGI Seoul Guarantee.

The support targets Changwon citizens who meet all the following conditions: ▲ subscribed to the Jeonse Deposit Return Guarantee after January 1, 2023, with a jeonse deposit of 300 million KRW or less ▲ non-homeowners aged 19 to 39 with an annual income of 50 million KRW or less (70 million KRW or less for newlyweds). Applications can be submitted online, and for information-vulnerable groups, in-person applications are accepted at the Building Permit Division of the district office where the residence is located.

Munsang-sik, Director of the Urban Policy Bureau, said, “We expect this guarantee fee support project to protect young people vulnerable to jeonse fraud,” and added, “We will continue to make extensive efforts to promote the guarantee fee support and prevent jeonse fraud damage.”

For more details regarding the application, please refer to the announcement board on the Changwon City website or contact the Housing Policy Division.

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