The Ministry of Land, Infrastructure and Transport announced on June 9 that it held three full meetings of the Jeonse Fraud Victim Support Committee in May, reviewing 1,609 cases. Among these, 618 cases were ultimately approved as victims of jeonse fraud. While support for victims is increasing, the scale of the damage remains significant.
Of the 618 approved cases, 579 were new applications or reapplications. The remaining 39 cases were those that had previously been denied but were later confirmed to meet the criteria under the Jeonse Fraud Victim Law.
Out of the cases reviewed, 599 did not meet the criteria and were rejected. Additionally, 198 cases were excluded from consideration because it was determined that full refunds of deposits were possible through guarantee insurance or priority repayment. A total of 194 appeals were dismissed as the original decisions were upheld.
Since the implementation of the Jeonse Fraud Victim Law in June 2023, the committee has cumulatively recognized 39,121 cases of jeonse fraud victims. There have been 1,182 cumulative requests for emergency suspension of auction and public sale. Support provided to recognized victims, including housing, financial, and legal assistance, totals 66,417 cases.
The Korea Land and Housing Corporation (LH) has also reported an increase in the purchase of homes affected by jeonse fraud. As of May 26, the number of purchased homes has reached 9,033.
To expedite the purchase of affected homes, the Ministry and LH are operating purchase review meetings and a fast-track process. This fast-track system streamlines pre-purchase consultations and housing purchase requests while establishing deadlines for each stage of the process. As a result, the number of homes purchased, which was only 90 in 2024, has steadily improved, averaging 807 homes purchased per month from January to May 26 this year.
Tenants who have not been recognized as victims or have been designated as victims of jeonse fraud can file an appeal under the Jeonse Fraud Victim Law. Even if an appeal is dismissed, they may reapply if circumstances change.
Meanwhile, tenants who have suffered from jeonse fraud can apply for victim recognition at their local city or provincial office. Once recognized by the committee, they can receive information on support measures through the Housing and Urban Guarantee Corporation (HUG) Jeonse Damage Support Center and its branches.
* This article has been translated by AI.
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