Candidate Jo O-seop: "We Must Overcome the Livelihood Crisis by Spreading Good Landlords"

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jo Oseop, the Democratic Party preliminary candidate for the National Assembly election in Buk-gu (Gap), Gwangju Metropolitan City, stated on the 4th, "We must expand the 'Good Landlord Movement' for small business owners who have been hit hard by the COVID-19 crisis to overcome the livelihood crisis."

Candidate Jo emphasized, "Especially since the Moon Jae-in administration is pushing for a large-scale supplementary budget to stimulate the frozen domestic economy and support small business owners, Gwangju City and its five autonomous districts should also prepare support measures for small business owners, such as rent reductions and tax cuts."

He continued, "As of 2017, small business owners in Gwangju include ▲ wholesale and retail businesses with 27,684 establishments (29.46%) ▲ lodging and restaurants with 10,927 establishments (18.1%) ▲ repair and other personal services with 9,923 establishments (10.56%), totaling 54,534 establishments," explaining, "This accounts for 60% of all businesses in the Gwangju area."

He added, "Amid the difficulties faced by small business owners due to the impact of COVID-19, local governments nationwide and private landlords are participating in the 'Good Landlord Movement,' promoting rent reductions and exemptions. The government should encourage voluntary participation in this movement by real estate landlords through comprehensive business income tax reductions on real estate leasing, and Gwangju City should do so through local income tax cuts," he stressed.

Regarding the Gakhwa Agricultural Products Market, he also expressed the position that incentives for rent reductions should be prepared, focusing on traditional markets such as Malbau Market, by promoting reductions in commissions and cold storage rental fees.

Candidate Jo stated, "To not waste the dedicated efforts of the Moon Jae-in administration and health quarantine authorities who are waging an all-out battle against COVID-19 prevention, it is more important than anything to prevent the collapse of the livelihood economy," adding, "Since the 'Gold Collection Movement' to overcome the IMF crisis in 1997 is being reenacted as the 'Good Landlord Movement' in 2020, to expand this movement, the government and Gwangju City must induce voluntary participation of real estate landlords through various incentives such as tax cuts."

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