The Gyeonggi Province Jeonse Damage and Prevention Support Center, operated by Gyeonggi Housing and Urban Development Corp. (GH), held its fourth and final "Auction, Forced Sale and Dividend Distribution Education" seminar at the Ansan Culture Foundation International Conference Hall in Ansan on Monday.
The session marked the last in a series of victim support education events planned for this year. Including the roughly 100 attendees that day, about 500 jeonse fraud victims from across Gyeonggi Province took part in the four sessions held throughout the year.
Victims who have not recovered their jeonse deposits typically must navigate a legal process lasting two to three years — securing an enforceable court judgment, going through auction or forced sale proceedings, and finally receiving dividend payments.
The center tailored each session to a different stage of the recovery process: the first and second sessions focused on initial legal remedies such as litigation and compulsory enforcement, while the third and fourth covered practical strategies for recovering deposits through auction proceedings and dividend distribution. Auction and forced sale procedures drew the most questions and attention from victims, as they are complex and directly tied to whether deposits can be recovered.
As with previous sessions, Monday's education was conducted in partnership with the Korean Bar Association Legal Aid Foundation and structured in two levels — introductory and advanced. Lectures covered the basic procedures and key concepts of auction and forced sale proceedings, then moved into more detailed topics that frequently arise in practice, including dividend priority rankings, how to analyze dividend tables, the apportionment of tax claims and the use of preferential purchase rights.
Following the lectures, six attorneys provided one-on-one consultations tailored to each victim's individual circumstances, offering personalized legal strategies alongside a general question-and-answer session.
GH President Kim Yong-jin said jeonse fraud victims "endure great hardship, having to navigate unfamiliar and complex legal procedures alone for a long time just to recover their deposits." He added that the company "prepared this practical education to ease that sense of helplessness, and will continue to serve as a reliable pillar of support for victims seeking to reclaim their rights."
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