✉news BusinessFinance first seen 3 h ago, last 1 h ago, peak #20

Korea Housing Finance Corporation's Uncollected Jeonse Funds Near 2 Trillion Won

Original: Korea Housing Finance Corporation's Uncollected Jeonse Funds Surge Toward 2 Trillion Won

Unrecovered jeonse rental deposits held by the Korea Housing Finance Corporation are climbing toward 2 trillion won, according to reporting by Chosun Ilbo. The figure points to mounting losses in the state-run body's lease deposit guarantee scheme, as distressed rental properties fail to repay insured tenants. The surge is drawing attention to strains in Korea's jeonse rental market and the financial exposure of the public guarantor.

Why now: Rapid growth in uncollected deposit-guarantee funds signals deepening distress in Korea's jeonse housing market.

Korea Housing Finance CorporationChosun IlboSouth Korea

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