Jeonse Safety Checklist

Jeonse fraud is a devastating issue. In 2026, new protections are in place, but your vigilance is the best defense.

Must-Check Before Signing

1. ‘Violating Construction’ Status

Illegal extensions (unauthorized balconies, rooftop rooms) disqualify you from Jeonse Loans and HUG Insurance.

• Action: Always check the Building Ledger (건축물대장) for “Violating (위반건축물)” tags.

2. The 126% Rule

HUG Insurance only covers up to 126% of the Official House Price (Gongsi-ga).

• Warning: If Deposit > Gongsi-ga × 1.26, DO NOT SIGN. It is high risk and likely uninsurable.

3. Tax Arrears

Landlords must show proof of paid taxes (Gukse/Jibangse Wan-nap).

• Risk: Unpaid government taxes take priority over your deposit in auctions.

New in 2026

• Mandatory Escrow (Pilot): Deposits for certain high-risk villas may be held in escrow services until move-in to prevent “gap investment” fraud.
• Safe App 2.0: Use the ‘Ansim Jeonse’ App to instantly check landlord blacklist status and real-time market price.

Buying vs Renting?

If Jeonse feels too risky, check the returns on monthly rent vs buying using our Rental ROI Calculator.