Government to Reintroduce Safe Trust Project After Revising the Jeonse Deposit Trust System
Jeonse deposit trust system, government measures to reduce cases of non-returned jeonse deposits and jeonse fraud Take a look at the pace of expansion and the variable of landlords' backlash as well
The government has decided to revise the jeonse deposit trust system, which it has been promoting to reduce cases of jeonse deposit nonrefund and jeonse fraud.
The secondhalf economic growth strategy announced on the 14th included a revised version of the existing plan, called the 'Safe Trust Project.' The government plans to expand the scope of eligible participants beyond registered rental business operators in order to enhance the system's effectiveness.
However, there are also concerns that if the scope of mandatory trust subjects or the trust ratio is expanded too much, landlords' resistance will grow and jeonse could be converted to monthly rent more quickly.