Hana Bank Launches HUG Jeonse Insurance Promotion

Hana Bank is initiating a promotional event for its "HUG (Housing & Urban Guarantee Corporation) Jeonse Insurance Deposit Guarantee" product, announced on May 7, 2025. This insurance product is designed to ensure that tenants can live safely in private rental housing, as it is a mandatory requirement for individual rental businesses under the Special Act on Private Rental Housing.

The "HUG Jeonse Insurance Deposit Guarantee" serves as a safety net for tenants. If a rental business operator fails to return the Jeonse deposit, the Housing & Urban Guarantee Corporation (HUG) steps in to refund the deposit to the tenant. This feature is especially important in the current rental market, where security for tenants can sometimes feel precarious.

Eligible properties for this insurance subscription through Hana Bank include apartments, residential officetels, multi-family houses, and detached houses. This broad coverage ensures that a variety of rental options are protected under the scheme.

To encourage participation in this program, Hana Bank is offering a KRW 20,000 Shinsegae gift certificate to individual rental businesses that subscribe to the "HUG Jeonse Insurance Deposit Guarantee" product via the bank's mobile app, "Hana OneQ." This promotion is set to run until the end of September 2025, allowing ample time for interested parties to take advantage of the offer.

According to a spokesperson from Hana Bank, "Individual rental businesses are required to subscribe to this essential Jeonse insurance product, and now they can do so easily through our mobile app, Hana OneQ. We are committed to enhancing the convenience of our customers and providing various benefits."

This event reflects Hana Bank's ongoing efforts to streamline the subscription process for necessary insurance products and enhance customer convenience. By leveraging technology, the bank aims to provide a seamless and user-friendly experience for rental business operators.

As the rental market evolves, initiatives like the "HUG Jeonse Insurance Deposit Guarantee" are becoming increasingly vital. They not only protect tenants but also offer peace of mind to landlords, ensuring that their obligations are met even in challenging situations.

Overall, this promotional event by Hana Bank is an important step in promoting security and reliability in the rental housing sector. It emphasizes the bank's dedication to supporting individual rental businesses and enhancing tenant safety.