A nationwide police investigation and crackdown on jeonse fraud that took place from July 2022 to May 2023 found that around 36 percent of jeonse fraud victims in South Korea were in their twenties. According to the source, there were around three thousand victims of jeonse fraud in South Korea in that timespan. Jeonse is a rental system unique to South Korea where tenants pay a large sum of deposit, usually equivalent to more than half of the property's value, in exchange for two years rent. This deposit is meant to be returned by the end of the rental period, but in jeonse fraud the tenants fail to get their deposit back.
Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age
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Ministry of Land, Infrastructure and Transport (South Korea). (June 8, 2023). Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/
Ministry of Land, Infrastructure and Transport (South Korea). "Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age." Chart. June 8, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/
Ministry of Land, Infrastructure and Transport (South Korea). (2023). Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/
Ministry of Land, Infrastructure and Transport (South Korea). "Share of Jeonse Fraud Victims in South Korea from July 2022 to May 2023, by Age." Statista, Statista Inc., 8 Jun 2023, https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/
Ministry of Land, Infrastructure and Transport (South Korea), Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age Statista, https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/ (last visited December 22, 2024)
Share of jeonse fraud victims in South Korea from July 2022 to May 2023, by age [Graph], Ministry of Land, Infrastructure and Transport (South Korea), June 8, 2023. [Online]. Available: https://www.statista.com/statistics/1393592/south-korea-share-of-jeonse-fraud-victims-by-age/
