The traditional lease system based on deposit in South Korea, integral to the residential life of the populace, is facing instability.Recent instances where tenants have not received partial or full lease deposits back from landlords have escalated into a significant social issue.This study delves into the causes of JEONSE incidents, examining institutional, temporal, and regional factors from 2017 to 2022.It was found that a blend of escalating financial and real estate policy risks, coupled with institutional frailties, have precipitated various JEONSE -related accidents.These incidents encompass reverse JEONSE, high-risk JEONSE, JEONSE fraud, and JEONSE guarantee mishaps, with the damage from such incidents increasing annually.To stabilize the JEONSE market, this research proposes multifaceted solutions encompassing lessors, tenants, and institutional measures.For lessors, it recommends providing comprehensive property and financial information during brokerage, such as national and local tax payment records and priority bonds, to address information asymmetry and enhance transaction security.For tenants, it advises verifying property values, JEONSE rates, and landlord information independently or through real estate experts.Additionally, tenants should limit lease loans to necessary amounts to mitigate financial risks and proactively engage in drafting defensive contracts.Early prevention via defensive contracts is crucial for tenants to avoid JEONSE incidents.From an institutional standpoint, this study suggests expanding the supply of JEONSE housing, addressing landlord information asymmetry, and developing explanatory manuals for verifying premises' JEONSE price ratios.By enhancing the stability of the JEONSE market and fostering an alternative transaction order, this study aims to shield bona fide victims from JEONSE related adversities.
Kang et al. (Fri,) studied this question.