Ansan has outlined a new minimum guarantee for victims of housing deposit fraud that is due to take effect on November 13. Under the revised special law supporting victims, cash assistance will cover part of the gap when a victim’s total recovery remains below one-third of the original rental deposit.
The calculation combines money recovered through auction or public sale, repayments from the landlord, and any auction gain or rent support provided by Korea Land and Housing Corporation. If a tenant recovers 10 million won from a 100 million won deposit, the program can provide about 23.33 million won, bringing the total recovery to roughly 33.33 million won. Victims who have already recovered at least one-third of their deposits are excluded from this minimum payment.
- Program start
- November 13, 2026
- Guaranteed recovery level
- One-third of the original rental deposit
- Existing victim deadline
- November 13, 2029
Applications can generally be submitted after the auction or public sale of the affected home has concluded, or after LH has completed its calculation of the auction gain following a purchase. Victims whose relevant procedures ended before the new system takes effect are also eligible to apply, subject to the applicable deadlines.
Advance payments for certain trust-fraud cases
A separate advance-payment process applies to some trust-fraud victims who signed contracts with people lacking lawful authority to lease the property. They may receive one-third of the deposit before the auction or public sale ends, with the amount later reconciled against funds ultimately recovered.
Online applications will be available through the LH subscription portal, while LH regional offices will accept in-person applications from November 13. The general deadline is within three years of the official victim determination or within one year of the auction or public sale ending. People who already hold victim determinations may apply until November 13, 2029. Gyeonggi Province has recorded about 9,300 recognized cases, including more than 570 in Ansan, according to the report.