[1/2] Yoo Ha-jin, 27, looks at a building where she lives in Seoul, South Korea, February 21, 2023.
Yoo Ha-jin, 28, regrets not getting insurance for her jeonse deposit when she signed in March 2021.
"I thought I would be just fine as long as I could get a jeonse deposit loan from the bank," Yoo told Reuters.
Jeonse deposit loans more than quadrupled in less than six years through October to 172 trillion won ($132 billion), according to the central bank.
Jeonse deposit loansPROPERTY FALLOUTStill, almost all jeonse loans have guarantees from public enterprises, leaving little credit risk for commercial lenders.