Foreign Nationals Excluded From South Korea Jeonse Fraud Relief
· World · The Korea Times, koreatimes.co.kr
Foreign residents in South Korea are currently ineligible for government relief programs designed to assist victims of jeonse fraud. The jeonse system, a unique Korean rental model involving large lump-sum deposits, has seen a rise in scams where landlords fail to return funds to tenants. While the government has introduced measures to support affected individuals, these protections do not extend to foreign nationals. The report does not specify the exact number of foreign victims or the legislative reasoning behind their exclusion.
Why it matters
Foreign tenants in South Korea face significant financial risk and lack legal recourse in the event of deposit theft, leaving them vulnerable to losing their entire housing savings.
Read the original report — The Korea Times
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