Going forward, information on "malicious landlords" who have not returned jeonse deposits will be shared with guarantee institutions without the landlords' consent.
The Financial Services Commission said on the 27th that the Cabinet approved a revision to the Enforcement Decree of the Credit Information Use and Protection Act that includes these measures.
The revision allows guarantee institutions to share information on landlords who have not returned jeonse deposits without the landlords' consent. If Korea Housing Finance Corporation (HF), Korea Housing & Urban Guarantee Corporation (HUG), or Seoul Guarantee Insurance Company repays the jeonse deposit on behalf of a landlord (subrogation), the guarantee companies will share the landlord's information through the Korea Credit Information Services. The Financial Services Commission (FSC) expects the measure to help block jeonse fraud in advance.
The revision also includes adding virtual asset transaction information to credit information and designating virtual asset service providers such as Dunamu and Bithumb as "credit information providers and users." Virtual asset exchanges will be subject to regulations such as information protection obligations under the Credit Information Act, and user rights protections are expected to be further strengthened.