South Korea to launch minimum deposit recovery scheme for jeonse fraud victims
South Korea’s Ministry of Land, Infrastructure and Transport announced that a minimum recovery scheme for jeonse rental-deposit fraud victims will start on November 13, with advance applications opening November 10. Eligible victims whose recoveries fall below one-third of their deposit will receive the difference in cash. Victims who signed leases with people lacking legal authority to rent the property can receive advance payments before auctions conclude, with existing recoveries and support deducted.