Jeonse fraud case share South Korea 2022-2023, by housing type

A nationwide police investigation and crackdown on jeonse fraud that took place from July 2022 to May 2023 found that around 57 percent of jeonse fraud cases in South Korea were for multi-household homes or villas. According to the source, the amount lost through jeonse fraud in South Korea in that timespan totaled 459.9 million South Korean won. 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.