Landlord Who Embezzled Jeonse Deposit Arrested
The landlord who embezzled tenants' jeonse deposits has been arrested.
On the 22nd, the Gwangsan Police Station in Gwangju announced that they had arrested landlord A of a multi-family house on charges of fraud.
Mr. A is accused of receiving 580 million won in jeonse deposits from five tenants between June 2019 and December of last year and failing to return the money.
He purchased the building using a no-capital 'gap investment' method, and the jeonse deposits were found to be close to the purchase price.
Victims who secured the deposits through youth jeonse loan programs have reportedly been suffering from mental health issues such as depression and panic disorder.
Hot Picks Today
![About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051416263163580_1778743590.jpg)
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- Did Samsung and SK hynix Rise Too Much?... Foreign Assets Grow Despite Selling [Weekend Money]
The police plan to transfer Mr. A to the prosecution after additional investigations, including verifying other offenses.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
