'Kkangtong Jutaek' Exceeds 200,000 Units... Guarantee Amount Reaches 26 Trillion Won [2023 National Audit]

The number of so-called 'Kkangtong houses'?rental deposit return guarantee subscribed houses with a debt ratio of 80% or higher?has exceeded 200,000 units.

According to data submitted by the Housing and Urban Guarantee Corporation (HUG) to Heo Young, a member of the National Assembly Land, Infrastructure and Transport Committee from the Democratic Party of Korea, as of the end of last month, the number of houses with a debt ratio of 80% or more among rental deposit return guarantee subscribed houses exceeded 200,000 units.

[Image source=Yonhap News]

The guarantee amount for these houses alone exceeds 26 trillion won.

The debt ratio of a house is calculated by dividing the sum of the secured amount and the rental deposit by the house price. Generally, if this ratio exceeds 80%, even if the house is disposed of, it may be difficult for tenants to fully recover their deposits, hence these houses are called 'Kkangtong houses.'

When classified by metropolitan local governments, Seoul ranked overwhelmingly first, with 46,706 households living in Kkangtong houses. Next were Jeonnam with 25,911 households, Busan with 21,648 households, Gyeonggi-do with 21,250 households, and Gyeongbuk with 16,323 households. In Incheon, where recent successive jeonse fraud cases occurred, 5,545 households were classified as Kkangtong houses.

Among the 25 autonomous districts in Seoul, Gangseo-gu had the highest number of Kkangtong houses with 6,429 households, followed by Yeongdeungpo-gu with 4,694 households, Songpa-gu with 4,079 households, Gangdong-gu with 3,495 households, and Geumcheon-gu with 3,470 households. Among these, Gangseo-gu notably had 4,755 houses with a debt ratio of 90% or higher, nearly twice the 2,484 households in second-ranked Yeongdeungpo-gu.

Nationally, Kkangtong houses owned by corporate rental businesses exceeded 124,000 households, more than the 76,000 households owned by individual rental businesses. However, in Seoul, Gyeonggi, Sejong, and Ulsan, Kkangtong houses owned by individual rental businesses were more numerous. Among the remaining 13 metropolitan local governments, in eight regions, the proportion of Kkangtong houses owned by corporate rental businesses exceeded 90%.

Assemblyman Heo stated, "It has been confirmed that jeonse fraud, which occurred mainly in the metropolitan area, has the potential to spread nationwide. Public housing and financial institutions under the Ministry of Land, Infrastructure and Transport, including HUG, must actively engage in continuous monitoring and proactive preventive measures to prevent recurrence of jeonse fraud and stabilize the livelihood economy, especially in high-risk areas such as Kkangtong houses."

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