Jeonbuk Bank Joins the Good Rent Movement
[Asia Economy Reporter Kim Min-young] Jeonbuk Bank declared on the 28th that it will join the Good Rent Movement.
Jeonbuk Bank will reduce the rent of buildings it owns by 30% for six months starting next month.
Jeonbuk Bank stated that this measure is intended to help small business owners struggling due to the novel coronavirus disease (COVID-19). The support targets a total of 15 businesses, which will reduce their rental burden by approximately 15 million won over six months.
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A Jeonbuk Bank official said, “Although we do not own many rental buildings, we prepared this plan to help even a little,” and added, “We hope that the rent reduction movement, which started in Jeonju Hanok Village, will lead to a greater wave of good rents for the coexistence of local commercial districts and overcoming COVID-19.”
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