The Seoul city government will advance deposits for households that have not received their security deposit back from the 'social housing' for young people and low-income individuals.
The Seoul city government announced on the 26th that it will advance a total of 344 million won in deposits for seven households at two business sites in Jangwi-dong and Seongsan-dong.
According to the Seoul city government, there are a total of 105 business sites and 1,793 units of social housing in Seoul. Among these, seven households in two business sites located in Jangwi-dong and Seongsan-dong have suffered from not receiving their security deposits back. The city coordinated the advance payment timing after determining the return preferences of the affected residents with the Seoul Housing and Urban Development Corporation (SH).
The return of the security deposit will begin as early as October. Residents who wish to vacate will have SH advance the deposit and will plan to claim reimbursement from the operators. Previously, if residents could not receive their deposit back, they had to take legal action themselves; however, this time, the Seoul city government and SH have shifted to a structure that holds the operators accountable.
In addition, the business sites where resident damage occurred will be terminated, and SH will purchase the building to operate it directly.
SH plans to encourage operators to enroll in security insurance through a commitment to purchase the building when security incidents occur and will provide a two-year grace period for this purpose.
Choi Jin-seok, head of the housing division of the Seoul city government, said, 'We will prioritize protecting residents and swiftly implement measures to prevent the spread of damage,' adding, 'We will do our best to ensure that the same issues do not arise in social housing in the future.'