Dangjin City to Provide Up to 300,000 Won in Jeonse Deposit Return Guarantee Fees

Aerial view of Dangjin City Hall, Chungnam. /Dangjin City

Dangjin City in Chungnam announced on the 13th that it will continue the 'Jeonse Deposit Return Guarantee Fee Support Program' this year, following last year.

The 'Jeonse Deposit Return Guarantee Fee Support Program' provides support for guarantee fees to tenants without homes who have enrolled in the Jeonse Deposit Return Guarantee. If enrolled with the Housing and Urban Guarantee Corporation (HUG), Korea Housing Finance Corporation (HF), or Seoul Guarantee Insurance (SGI), up to 300,000 KRW will be supported within the actual amount paid for the guarantee fee.

Eligible applicants are those who have enrolled in guarantee insurance as of the application date and are tenants without homes with a deposit of 300 million KRW or less. Youth (ages 18-39) must have an annual income of 50 million KRW or less, other citizens must have an income of 60 million KRW or less, and newlywed couples must have an income of 75 million KRW or less.

However, homeowners, foreigners and overseas Koreans not residing in Korea, tenants of registered rental business operators, and corporations are excluded from eligibility.

Applicants can apply online (Government24) or by visiting their local administrative welfare center. Detailed information, including required documents, can be found in the notice section of the Dangjin City website.

Lee Youngpil, head of the Housing Development Division, said, "We will do our best to support tenants and prevent jeonse fraud through the Jeonse Deposit Return Guarantee Fee Support Program."

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