Yangju City to Provide Up to 400,000 Won for Jeonse Deposit Guarantee Fees... "Strengthening Housing Safety Net for Ordinary Citizens"

Refunds for Guarantee Fees Targeting Tenants Without Homes
with Jeonse Deposits of 300 Million Won or Less
Full Fee Reimbursement for Young Adults and Newlywed Couples

Yangju City in Gyeonggi Province has officially launched the "Jeonse Deposit Return Guarantee Fee Support Project" to protect tenants who have become increasingly anxious due to recent jeonse fraud cases. The city aims to establish a safety net for stable housing for ordinary citizens.

Yangju City, up to 400,000 KRW support for jeonse deposit return guarantee fee. Provided by Yangju City

According to Yangju City on June 30, the city will provide a cash refund of up to 400,000 won for guarantee fees already paid by tenants without homes who have enrolled in a return guarantee from reputable institutions such as the Housing and Urban Guarantee Corporation (HUG), the Korea Housing Finance Corporation (HF), or SGI Seoul Guarantee. This measure is intended to encourage tenants to enroll in guarantees and proactively prevent damages caused by unpaid jeonse deposits.

The program is available to residents whose jeonse deposit is 300 million won or less and whose guarantee remains valid as of the date of application. Income requirements are set at 50 million won or less for young adults, 60 million won or less for the general public, and 75 million won or less for newlywed couples, ensuring that the benefits are focused on assisting those in genuine need.

The level of support is also significant. For young adults and newlywed couples, who are relatively vulnerable in terms of housing, the city will reimburse the entire guarantee fee paid (up to 400,000 won). Other eligible applicants will receive a refund of up to 90% of the fee.

The application process has been simplified. Applicants can either visit the Urban Regeneration Division at Yangju City Hall in person or conveniently apply online via "Government24" or the "HUG Safe Jeonse Portal."

A Yangju City official stated, "This project is a practical measure to protect the valuable property rights of citizens from the risk of jeonse fraud," adding, "We will continue to focus our administrative efforts on creating a residential environment where citizens can live with peace of mind."

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