Gyeonggi Province Proposes Expanding Support for Rental Fraud Victims to Central Government

Gyeonggi Province has proposed to the central government to expand the eligibility criteria for support for victims of rental fraud to include tenants with a deposit of up to 500 million won, and to increase the guarantee fee subsidy to 500,000 won.

On November 23, Gyeonggi Province announced that the current system does not align with the requirements for victims of rental fraud under the "Rental Fraud Victims Act" (which sets the deposit limit at 500 million won or less), and that the income threshold for support is too low, resulting in a limited number of actual beneficiaries. The province has therefore requested the government to expand the eligibility criteria to match the relevant law, covering tenants with a deposit of up to 500 million won.

Additionally, Gyeonggi Province has suggested increasing the maximum guarantee fee subsidy from the current 400,000 won to 500,000 won, and raising the "income threshold for non-youth applicants" from 60 million won to 75 million won.

Gyeonggi Provincial Government

Kim Tae-su, Director of Housing Policy at Gyeonggi Province, stated, "It is necessary for the central government to improve the system so that residents exposed to the risk of rental fraud can receive more practical support," adding, "We will continue to make recommendations to ensure that effective housing support policies are implemented to prevent rental fraud."

Since 2024, Gyeonggi Province has already submitted proposals to the government twice, calling for an expansion of support for victims of rental fraud.

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