Lee Seung Gi Risks Losing $7.4 Million Jeonse Deposit After Landlord's Fraud Arrest

Singer and actor Lee Seung Gi is facing uncertainty over his 10.5 billion KRW (approximately $7.4 million) jeonse deposit after the owner of his luxury Seoul villa, One Hundred chairman Cha Ga Won, was arrested on fraud charges.Cha was detained after a court issued an arrest warrant on August 3 for alleged violations under South Korea's Act on the Aggravated Punishment of Specific Economic Crimes.According to AllKPop, prosecutors accuse her of receiving a 24.2 billion KRW (around $17 million) advance payment from Nomus Corporation for a business project involving the intellectual property of artists under her agency, but authorities claim the promised project was not carried out.The arrest has raised concerns about Lee's housing deposit because his jeonse lease for the villa in Seoul's Yongsan District is scheduled to end this month.Under the jeonse system, tenants pay a large deposit instead of monthly rent and expect to receive the full amount back when the contract ends.Lee previously expressed concerns that he may have entered into an overpriced lease agreement and could face difficulties recovering his money.Reports said about 7.3 billion KRW (around $5.3 million) of his depos...