Sahakyeongeum Reduces Hall Rental Fee by 35% to Overcome COVID-19

[Asia Economy Reporter Minji Lee] The Private School Teachers' Pension Service announced on the 4th that it will reduce the rent of halls owned by the Private School Pension by 35% for six months in response to the spread of the novel coronavirus infection (COVID-19).

The rent reduction targets are 17 small and medium-sized enterprises and small business operators residing in two Private School Pension halls located in Daejeon and Busan.

The reduction period is six months starting this month, and medium-sized enterprises or large corporations that are less directly affected by the COVID-19 outbreak will be excluded from the rent reduction.

Chairman Lee Joong-heun said, “In these difficult times of economic contraction caused by the prolonged COVID-19 situation, we decided to actively promote rent reductions for halls owned by the Private School Pension to share the pain together. We will continue to take the lead in overcoming the COVID-19 crisis by actively realizing social value as a public institution.”

This content was produced with the assistance of AI translation services.