HUG Takes Criminal Action Against 51 'Malicious Landlords' Suspected of Jeonse Fraud

The Korea Housing & Urban Guarantee Corporation (HUG) has taken criminal action against a total of 51 suspected jeonse fraudsters as of the end of October.

According to the public institution management information disclosure system ALIO's announcement on the 8th, as one of the measures to address the increase in jeonse deposit refund guarantee incidents, HUG has been taking actions such as filing complaints, lawsuits, and investigation requests against landlords suspected of jeonse fraud since the second half of last year.

The number of malicious landlords subject to criminal action was 26 last year and 25 from January to October this year, totaling 51.

HUG has formed and is operating a task force (TF) with investigative agencies to address this issue.

As cases of landlords failing to return jeonse deposits and HUG repaying tenants on their behalf increase, financial leakage has become severe. The cumulative loss in the first half of this year was 1.3281 trillion KRW, a sevenfold increase compared to 184.7 billion KRW in the same period last year. The projected net loss by the end of this year is expected to reach 3.4 trillion KRW.

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