The Ministry of Land, Infrastructure and Transport said on the 6th that it convened plenary meetings of the "charter fraud damage support committee" throughout March, reviewed 1,685 cases, and gave final approval recognizing a total of 698 as charter fraud victims, among others.
Of the 698 approved cases, 654 were new applications (including reapplications). The remaining 44 were decided as charter fraud victims and others after objections to the previous decisions led to additional confirmation of whether they met the requirements for charter fraud victims under Article 3 of the Charter Fraud Victims Act.
Of the remaining 987 cases, 630 were rejected for failing to meet the requirements. In 198 cases, the full deposit could be returned through guarantee insurance and preferential repayment, so they were excluded from application. In addition, 159 cases under objection were dismissed as still failing to meet the requirements.
To date, the committee has made final decisions recognizing a total of 37,648 charter fraud victims, among others (cumulative), and has issued a total of 1,126 (cumulative) cooperation requests to defer urgent auctions and public auctions. For the decided victims and others, a total of 61,462 (cumulative) cases of support are being provided across housing, finance, and legal procedures.
Tenants who did not receive a decision as charter fraud victims and were found unrecognized or as charter fraud victims, among others, may file an objection under Article 15 of the Charter Fraud Victims Act. Even if an objection is dismissed, they may reapply if relevant circumstances change later and be decided as charter fraud victims.
So far, the Korea Land & Housing Corporation (LH) has purchased 7,649 charter fraud-affected dwellings. In March alone, it purchased 995 dwellings, marking the largest monthly purchase since the system was introduced in 2024, and the purchase pace is increasing.
The Ministry of Land, Infrastructure and Transport (MOLIT) and LH are implementing purchase review meetings and a fast track to quickly acquire charter fraud-affected dwellings. They plan to continue consultations with district courts on proceeding with auctions to support smooth acquisition of affected dwellings and housing stability.
Tenants struggling due to charter fraud can apply for victim determination to the city or province with jurisdiction over their residence, and those decided as victims through a committee resolution can receive detailed guidance on support measures through the Korea Housing & Urban Guarantee Corporation (HUG) charter fraud support center (in person/by phone) and branches (in person).