Opposition Passes Bill Alone... Key Point: 'Priority Compensation Then Reimbursement'
Ruling Party Walks Out Together... "Legislative Overreach Beyond Limits"

The amendment to the Special Act on Jeonse Fraud, centered on the principle of 'advance relief followed by reimbursement,' was directly submitted to the plenary session of the National Assembly under the leadership of the opposition party.


The National Assembly Land, Infrastructure and Transport Committee held a full meeting on the afternoon of the 27th and resolved to request the plenary session to deliberate on the amendment to the "Special Act on Support for Jeonse Fraud Victims and Housing Stability." The People Power Party opposed the bill and walked out, and the bill was put to a secret ballot by opposition party members. Seventeen members of the Democratic Party and Shim Sang-seong of the Justice Party participated in the vote, and it was approved unanimously with all 18 votes in favor.


Kim Min-ki, Chairman of the National Assembly Land, Infrastructure and Transport Committee, is striking the gavel at the plenary session held at the National Assembly on the 27th. Photo by Kim Hyun-min kimhyun81@

Kim Min-ki, Chairman of the National Assembly Land, Infrastructure and Transport Committee, is striking the gavel at the plenary session held at the National Assembly on the 27th. Photo by Kim Hyun-min kimhyun81@

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According to the National Assembly Act, if a bill has been pending in the Legislation and Judiciary Committee for more than 60 days, the standing committee in charge can request the plenary session to deliberate on the bill with the approval of three-fifths or more of its members.


The amendment, which passed the Land, Infrastructure and Transport Committee hurdle that day, centers on the principle of providing 'advance relief followed by reimbursement' to victims of jeonse fraud. The Korea Housing & Urban Guarantee Corporation (HUG) or an institution designated by presidential decree will purchase the deposit return claims of houses involved in jeonse fraud to provide priority relief to the affected tenants, and later seek reimbursement from the landlords to cover the costs. Additionally, the amendment raises the 'tenant deposit limit' for victims of jeonse fraud from the current 300 million KRW to 500 million KRW and includes foreign tenants among those who can be recognized as victims.



Kim Jeong-jae, the ruling party secretary of the Land, Infrastructure and Transport Committee and a member of the People Power Party, criticized, "The Democratic Party's excessive legislative rampage continues until the end of the 21st National Assembly," adding, "They are politically exploiting the upcoming general election by misleading the public into thinking that the practically unfeasible 'advance relief followed by reimbursement' is a substantial support measure."


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

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