HUG Jeonse deposit that could not be recovered… 72 multi-family debts out of 890 billion

After the Housing and Urban Guarantee Corporation (HUG) returned the jeonse deposit to the tenant instead of the landlord, it was discovered that the amount the landlord did not receive was 890.9 billion won. Of this, it was found that 72%, or 639.8 billion won, is a debt to multiple owners, and it is indicated that supplementary measures are urgently needed.

According to the ‘Stat of Debt Default on Jeonse Deposits’ presented by HUG by Jang Cheol-min, a member of the Land Transport Committee of the National Assembly, on the 20th, the amount of deposits that HUG did not get back from the lessor is increasing. every year. Of the 5 billion won in 2018, 38.6 billion won in 2019, 122.6 billion won in 2020, 356.9 billion won last year. This year, the amount not recovered until July was 305.9 billion won. In the last five years, HUG’s bad debt has increased 60 times.

To date, HUG has accumulated 1.64 trillion in deposits paid on behalf of tenants registered for the deposit return guarantee. Of this, more than half of the 890.9 billion won (54.2%) could not be recovered.

HUG discloses the list of malicious debtors under the real name of corporations and anonymously from individuals. Among the defaulters, there are 4,052 individuals. There were 349 multi-home owners who did not pay back more than two cases, and the amount they did not return was equivalent to 639.8 billion won. Multi-home owners account for 71.8% of Jeonse Deposit’s HUG liabilities. Park (28), who owns 104 houses in his personal name, is not returning a deposit of 23.4 billion won to HUG. The deposits on which 106 corporations failed were won at 59.9 billion. Of this, 9 billion was investigated as a new developer company P established in 2020.

HUG can recover the payment if the deposit is not returned, but there are practical limitations. HUG collects bonds by auction rather than collection or confiscation according to the National Tax Act. However, there is a limit to the collection and investigation, and if the debtor disappears, it is difficult to verify the details of the property, so the amount of the default increases gradually. Rep. Jang argued, “It will inevitably act as a burden for the future management of the HUG guarantee fund.

Jong-pil Reporter Park jp@hankyung.com

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