South Korean local government program that refunds up to 300,000 KRW of HUG/SGI Jeonse Guarantee fees for youth tenants. Applies to Seoul, Gyeonggi, Busan, and other major Korean cities.
| Item | Seoul 2026 Criteria |
|---|---|
| Age (years) | Age: 19–39 (Seoul baseline) |
| Annual Income (10,000 KRW) | Income: ≤ 50M KRW (couples 60–70M, varies by city) |
| Jeonse Deposit (10,000 KRW) | Deposit: ≤ 300M KRW (varies) |
| Estimated Maximum Refund | Refund cap: up to 300,000 KRW of fees paid (Seoul) |
Requirements are updated annually and differ across Korean cities (Seoul, Gyeonggi, Busan, Daegu, Incheon, etc.). Confirm via the official Korean sites below.
Disclaimer: This page summarizes publicly available 2026 Korean guidelines for reference. Actual eligibility, amounts, and deadlines vary by Korean local government and are subject to change. Before applying, confirm with HUG (Korea Housing & Urban Guarantee Corporation), SGI Seoul Guarantee, or your Korean city portal. This site is a privately operated information resource and is not affiliated with any Korean government agency; it bears no responsibility for application outcomes.
Jeonse Guarantee (전세보증금반환보증) is a Korean insurance product from HUG or SGI that guarantees return of the Jeonse deposit if the landlord fails to return it at lease end. The tenant pays a fee at about 0.10–0.15% of the deposit.
Since 2023, Korean local governments have operated a program refunding a portion (up to 300,000 KRW in Seoul) of this fee to young tenants. As of 2026, Seoul, Gyeonggi, Busan, Daegu, Incheon, Gwangju, and Daejeon operate similar programs with varying thresholds.
1. Enroll in HUG or SGI Jeonse Guarantee and pay the fee.
2. Prepare the payment receipt, ID, income proof, lease contract, and a bank passbook copy.
3. Apply online via your Korean local government portal (e.g., Seoul Housing Portal, Gyeonggi Youth Portal) or in person at the community center.
4. After review (roughly 1–3 months), the refund is deposited into your account.
Yes, both are covered. Some Korean cities may limit to one insurer — check your city's official notice.
Yes, if you meet the age and household-income limits. Seoul's 2026 limit is 19–39; Busan uses 19–34; other cities vary.
Depends on the city. Most cover only fees paid after the notice date; some cover up to 12 months retroactively.
No — the refund is capped at the lesser of the fee paid or the city's limit. You never receive more than what you paid.
Typically 1–3 months after the Korean local-government review. Ask your district office for specifics.
The Jeonse Guarantee fee refund is a Korean local-government program launched to reduce youth housing costs and prevent Jeonse fraud. As of 2026, Seoul, Gyeonggi, Busan, Daegu, Incheon, and other major Korean cities refund up to 300,000 KRW of HUG/SGI guarantee fees for eligible youth.
General requirements: Korean youth aged 19–39, annual income ≤ 50M KRW, Jeonse deposit ≤ 300M KRW, no-home household head. Each Korean metropolitan city (Seoul Metropolitan Government, Gyeonggi Province, Incheon, Busan, Daegu, Gwangju, Daejeon) sets its own thresholds, so always confirm via the official notice for your address.
The application flow is: enroll in Korean Jeonse Guarantee → pay the fee → apply to your Korean local-government portal online or at a community service center. This page provides official Korean site links and general criteria; final eligibility must be confirmed on HUG, SGI, and the local-government portal before applying.