Jeonse Fraud: A Housing Crisis in South Korea and the Path Forward

South Korea’s unique Jeonse housing system, designed to benefit both tenants and landlords, is under threat by a wave of sophisticated real estate scams, breeding mistrust and impacting society, particularly the younger generation. The surge in fraud cases has exposed significant flaws in the Jeonse system, demonstrating the vulnerability of tenants and threatening a system that millions rely on for housing​. It’s time for South Korea to address this growing crisis urgently by enacting protective measures, increasing transparency, and…