Given the persistent risks of “Can-Jeonse (깡통전세)” and landlord defaults across South Korea’s villa and residential studio rental markets, enrolling in a Jeonse Deposit Return Guarantee Insurance Policy (HUG, HF, or SGI) is the indispensable legal safeguard protecting a tenant’s life savings.
To encourage full insurance adoption among young adults and low-to-middle income renters, the Ministry of Land, Infrastructure and Transport (MOLIT) and municipal governments operate the Jeonse Deposit Return Guarantee Insurance Premium Subsidy Program, reimbursing up to 300,000 KRW in 100% direct cash refunds for paid insurance fees.
This master guide details income criteria, exclusions, and the streamlined Gov.kr digital submission protocol.
1. 4 Core Eligibility Criteria for the 300K KRW Guarantee Subsidy
2. 3 Key Statutory Exclusion Rules
Applicants are ineligible if:
- Tenants in Registered Rental Housing (등록임대주택): Commercial corporate landlords are legally mandated to pay 75% of guarantee fees under the Special Act on Private Rental Housing.
- Corporate Entity Leases: Only natural individual non-homeowners qualify.
- Public Housing Residents: LH, SH, or GH public housing occupants face zero landlord default risk and are excluded.
3. 3-Step Gov.kr Digital Claim Submission
Log into Gov.kr (정부24) Portal
Authenticate using Kakao, PASS, or digital certificates and search for '청년 전세보증금 반환보증료 지원'.
Upload 5 Mandatory Verification Files
Attach ① Policy certificate, ② Fee payment receipt, ③ Certified lease contract with Fixed Date, ④ Certified real estate registry copy, ⑤ Prior year income certificate.
Receive Cash Reimbursement within 2–3 Weeks
Following municipal verification, up to 300,000 KRW is transferred directly into your personal bank checking account.
4. Frequently Asked Questions (FAQ)
Q1. Can foreign residents holding an ARC apply for this subsidy?
Yes. Foreign nationals registered as permanent residents (F-5 visa) or married to Korean citizens (F-6 visa) who reside in eligible housing and hold a valid HUG/HF/SGI policy can claim the 300,000 KRW cash rebate.
Q2. Can I re-apply when renewing my Jeonse lease contract after 2 years?
Yes. If you renew your lease and pay a new guarantee premium for an extended 2-year term, you are legally entitled to re-apply and claim an additional 300,000 KRW subsidy reimbursement.
Q3. Can I apply if I purchased the policy several months ago?
Yes. As long as your guarantee policy is active and unexpired on the date of your application, you are fully eligible for retroactive fee reimbursement regardless of purchase date.