Overview
- Seo Hyun Jin secured a jeonse lease for a Gangnam villa in April 2020 and raised her lump-sum deposit to 2.65 billion KRW when renewing in 2022.
- After her lease ended in April 2024 and the landlord defaulted on repayment, she registered her lease rights in September 2024 and filed for a court auction in April 2025.
- The first auction round drew no bids, prompting the court to slash the opening price for the June 17 sale to 2.30 billion KRW.
- The property has been deemed a 'kkangtong house,' indicating its market value has fallen below the total debts and deposits it carries.
- Real estate analysts warn that a sustained market downturn makes a full recovery of her funds unlikely, potentially locking in a significant shortfall.