Protecting a ₩300M deposit costs ₩880 a day — a home that cannot be insured is the dangerous one
Jeonse deposit return guarantee means the Korea Housing and Urban Guarantee Corporation (HUG) pays your deposit if the landlord does not. The fee is the deposit times an annual rate of 0.097% to 0.211%. For a ₩300M apartment with a debt ratio of 70% or less it is ₩642,000 for two years, ₩880 a day. A ₩300M villa with a debt ratio over 80% is ₩1,182,000 for two years.
Conditions used in the video
- Deposit
- ₩300M
- Housing type · debt ratio
- apartment · 70% or less (annual rate 0.107%)
- Lease term
- 2 years
- Basis
- HUG published rates (checked 2026-08-30, subject to change)
Results
- ₩300M apartment · debt ratio 70% or less
- ₩321,000 a year · ₩642,000 for 2 years (₩880 a day)
- ₩300M villa · debt ratio over 80% (rate 0.197%)
- ₩1,182,000 for 2 years
- With the 60% discount for income ₩50M or less (₩300M apartment)
- ₩256,800 for 2 years
- Rate range
- 0.097% to 0.211% a year
- Deposit ceiling
- ₩700M in the capital region · ₩500M elsewhere
- Enrollment condition
- deposit + senior claims ≤ home value × 90%
- Application deadline
- before half the lease term passes from the later of settlement or move-in
Why it works this way
Can ₩880 a day protect a ₩300M jeonse deposit in full? Yes. And a home that cannot get this insurance is the dangerous one.
HUG jeonse deposit return guarantee · checked 2026-08-30.
- ₩300M apartment · debt ratio 70% or less₩642,000 for 2 years · ₩880 a day
- ₩300M villa · debt ratio over 80%₩1,182,000 for 2 years
- Income ₩50M or less60% off the rate
Rates run from 0.097% to 0.211% a year.
If the deposit plus senior claims exceeds 90% of the home's value, you cannot enroll. Once half the lease term has passed, you cannot apply. The use of this page is to run the numbers before signing.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Housing and Urban Fund Act Article 26 · HUG jeonse deposit return guarantee terms
In force Checked 2026-08-30 (subject to change)
HUG pays the deposit to a tenant who does not receive it back after the lease ends and recovers it from the landlord. Fee rates, enrollment conditions and deadlines are published by HUG.
What this means
If the landlord does not pay, HUG does. The price is ₩880 a day, and a home that cannot enroll is the dangerous one.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
Open the Deposit Guarantee Premium
Frequently asked
Which homes cannot be insured?
Homes where the deposit plus senior claims exceeds 90% of the home's value. If such a home goes to auction, the deposit is hard to recover.
By when must I apply?
Before half the lease term passes from the later of the settlement date and the move-in date. For a two-year lease, within one year.
Who gets the discount?
Those meeting HUG's conditions such as annual income of ₩50M or less get 60% off the rate. A ₩300M apartment is then ₩256,800 for two years.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.