[Legal updates in Korea] Providing housing for 'jeonse' fraud victims
● Updated law: The Special Act on Supporting Jeonse Fraud Victims and Housing Stability What it does: Allows "jeonse" fraud victims to live in public housing without paying rent for 10 years Took effect: Nov. 11 Punishment: None "Jeonse" is a unique Korean system in which renters give landlords a large returnable deposit instead of paying monthly rent. The system has existed for decades, but in recent years, scammers have taken advantage of the system, refusing to return th
Nov. 25, 2024