SEOUL, June 1 (Korea Bizwire) — South Korea’s financial authorities said Thursday they will provide a set of financial support measures to offer interest-free and low-interest loans to victims of a massive home rental scam scandal. Under the support plan, the government will allow the victims to pay back their home rental loans over up [...]
SEOUL, April 20 (Korea Bizwire) — The interior ministry is pushing for a law revision that would give victims of home rental scams priority to recoup their security deposits before taxes are collected when their rented homes go up for auction, officials said Thursday. The measure comes as three cash-strapped tenants have taken their own [...]
INCHEON, April 17 (Korea Bizwire) — Another victim of a recent large-scale rental fraud case died Monday in an apparent suicide, police said. The woman in her 30s was found unconscious in her home in Michuhol Ward, Incheon, 27 kilometers west of Seoul, at 2:12 a.m. She was rushed to a hospital but died on [...]