Amendments to the Special Law on Jeonse Fraud: Where Are the Fundamental Solutions?
A revised version of the Special Law on Jeonse Fraud is set to pass through the National Assembly on August 28, following an agreement between the ruling and opposition parties. While the amendments significantly expand the scope of victim support and recognition, there are concerns that crucial measures for preventing future fraud are still missing. This article explores the key points of the amendment, its limitations, and the ongoing debate about fundamental solutions. The issue of jeonse fraud has created severe housing instability in South Korea. To address this, a revised version of the Special Law on Jeonse Fraud is expected to pass the National Assembly soon. This amendment aims to enhance support and recognition for victims but has been criticized for lacking sufficient measures to prevent future occurrences. Enhanced Victim Support One of the main changes in the amendment is the expansion of victim support. The Korea Land and Housing Corporation (LH) will now be able to purch...