Gyeonggi-do Launches TF to Prevent Jeonse Fraud and Contract Disputes... Establishes Guidelines

Gyeonggi Province is launching the ‘Safe Jeonse Project 2.0 TF Team (Special Task Force)’ in collaboration with city and county governments and licensed real estate agents to prevent jeonse fraud and contract disputes, and is preparing a guideline to prevent jeonse-related damages.

From March to October, Gyeonggi Province will operate a task force (TF) consisting of 66 real estate officials from city and county governments and licensed real estate agents to practically resolve various issues that may arise in jeonse transactions.

With recent increases in cases of “empty jeonse” (Kkangtong Jeonse), illegal brokerage, and non-return of deposits, the province recognizes the importance of proactively identifying risk factors in the jeonse contract process and preparing practical countermeasures. Accordingly, it plans to develop customized guidelines to minimize jeonse-related damages.

Gyeonggi Provincial Government

The core of the guideline is a ‘Checklist by Brokerage Target Property Type.’ The checklist covers not only residential collective buildings such as apartments, villas, and officetels, but also residential detached buildings including single-family houses, multi-family houses, and commercial residential buildings, non-residential commercial facilities such as subdivided commercial spaces and office buildings, and non-residential industrial facilities including knowledge industry centers, factories, and land. It organizes essential inspection items that must be confirmed in jeonse contracts by property type.

Son Imseong, Director of the Urban Housing Office of Gyeonggi Province, said, “Through the operation of this TF team, we will provide licensed real estate agents with systematic guidelines that can be used in practice and actively support residents to enter into jeonse contracts with confidence. We will continue to promote the ‘Gyeonggi Safe Jeonse Project’ to establish a trustworthy brokerage system for residents.”

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