Gyeonggi-do Provides 1.5 Million KRW for Relocation and 1 Million KRW for Living Expenses to Jeonse Fraud Victims

Gyeonggi Province Governor Kim Dong-yeon is holding a press conference last May regarding support for victims of jeonse fraud.

Gyeonggi Province will provide 1.5 million KRW for relocation expenses to victims of jeonse fraud starting next month, and 1 million KRW for emergency living expenses beginning in March.

On the 26th, Gyeonggi Province announced that it will actively promote the newly established “Emergency Living Expense Support” and the revised “Relocation Expense Support for Emergency Support Housing Residents” projects after completing consultations with the Ministry of Health and Welfare’s social security system regarding support for victims of jeonse fraud.

Last May, Gyeonggi Province announced the “Jeonse Damage Prevention and Support Measures” and proposed the “Emergency Living Expense Support” and “Relocation Expense Support for Emergency Support Housing” projects as provincial-level support measures to complement government support programs.

The Emergency Living Expense Support project was created to prevent victims of jeonse fraud from falling into crisis situations such as extreme choices due to financial hardship. Gyeonggi Province is the first in the nation to implement this project and has secured a budget of 3 billion KRW for it.

The Relocation Expense Support for Emergency Support Housing Residents project provides actual expenses up to 1.5 million KRW for relocation to those victims of jeonse fraud who have been approved to move into emergency support housing.

This project has been in effect since the second half of last year, and with the recent completion of consultations on social security system changes (project period), it can be stably maintained until the expiration of the “Jeonse Fraud Victims Act” in 2025.

Gyeonggi Province plans to promptly proceed with administrative procedures so that relocation expenses can be paid from February at the earliest, and emergency living expenses from March.

Kim Dong-yeon, Governor of Gyeonggi Province, stated, “The emergency living expenses are provided to comfort the anxious feelings and sense of loss of victims of jeonse fraud,” adding, “We will continue to discuss and develop institutional improvements and social efforts to prevent further jeonse fraud incidents.”

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