On November 11, Way posted a video on his YouTube channel “WayLand” titled “Starting a long-distance relationship + rental scam… will I be okay?” In the video he details his experience and the difficulties he is currently facing.
With a complicated expression, Way explained: “It appears I have fallen victim to a rental scam. I didn’t get my money, so this is what people commonly call a rental scam.”
He shared that despite having insurance through the Korea Housing & Urban Guarantee Corporation (HUG), he is still facing significant challenges.
Way clarified,”Just because you have HUG insurance doesn’t mean everything is solved. To claim the deposit, extensive documentation must be prepared and the owner must miss payments for over two months before you can even begin the process.”
Way expressed his frustration, “In the meantime I can’t move out and the interest on the loan continues to accumulate while I can’t get in touch with the owner.”
Loss of contact with the landlord is a common problem for victims of rental scams, who often have to invest a lot of time and effort in lengthy legal proceedings to recover their deposits.
Way also described his experience visiting the courthouse to obtain the necessary documents, stopping at local government offices and HUG branches to handle the complex procedures.
On his way to the bank, Way vented his frustration: “I just want my money back, seriously.”
Way’s story echoes the recent spate of rental scam cases across South Korea. In 2023, these scams have become a growing social problem as the number of victims has increased nationwide.
Source: Wikitree
