Jeongeup-si Expands Support for Jeonse Deposit Return Guarantee Fees... Up to 300,000 KRW

Jeongeup City in Jeollabuk-do is expanding support for the Jeonse deposit return guarantee fee to prevent the increasing damage caused by non-return of Jeonse deposits.

The city announced on the 7th that it secured 59 million KRW through the first supplementary budget and will expand the target group from the existing 18 to 39 years old to all age groups starting this year.

Jeongeup City Hall. [Photo by Jeongeup City]

This project supports up to 300,000 KRW, either fully or partially, of the guarantee fee paid by Jeonse deposit insurance subscribers to the guarantee institutions, for up to 200 households.

The support targets are homeless tenants who have subscribed to the Jeonse Deposit Return Guarantee Insurance through Housing and Urban Guarantee Corporation (HUG), Korea Housing Finance Corporation (HF), or Seoul Guarantee Insurance (SGI) as of the application date. The annual income must be 50 million KRW or less for youth, 60 million KRW or less for non-youth, and 75 million KRW or less for newlyweds.

However, tenants residing in rental housing owned by registered rental business operators under the Special Act on Private Rental Housing, homeowners, and corporate tenants are excluded.

Applications can be submitted throughout the year until the budget is exhausted, and applicants can apply at their local eup/myeon office or dong community service center.

Jeongeup = Kim Jaegil, Honam Reporting Headquarters, Asia Economy baekok@asiae.co.kr

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