Gwangjin-gu Continues 'Good Landlord Movement'

The 'Good Landlord Movement' Gradually Expands to Overcome Difficulties Caused by COVID-19 Together

A banner related to reasonable rent hanging in Jayang 4-dong, Gwangjin-gu

[Asia Economy Reporter Park Jong-il] In Gwangjin-gu (Mayor Kim Seon-gap), the movement of kind landlords in the region is gradually increasing to overcome difficulties together due to the spread of COVID-19.

The "Kind Landlord Movement" refers to building owners reducing rent to ease the worries of local small business owners who have seen their sales plummet due to the spread of COVID-19 but still have to pay monthly rent.

Mr. Kim, who owns a commercial building on Yangkkochi Street in Jayang 4-dong, decided to reduce the rent of his building by 30% for three months.

Along with this, he delivered a notice to tenants with a message of encouragement: "This is a difficult time for everyone due to the impact of COVID-19. Knowing this difficult situation, we could not ignore it, so we decided to reduce the rent by 30% for three months (February, March, April). Please stay strong and take care of your health."

Mr. Kim said, "I voluntarily decided to reduce the rent to overcome COVID-19 together, and I hope this will be of some help to the merchants."

Mr. Jang, who owns a commercial building in Junggok 2-dong, reduced the rent by 20% for two months for all stores in the building.

Mr. Park, who owns a house in Guui 2-dong, reduced the housing rental deposit by 5 million won, and an anonymous resident also reduced it by 20 million won.

Mayor Kim Seon-gap said, "I sincerely thank the participants of the Kind Landlord Movement who spread positive influence in the region," and added, "The district office will do its best to prevent the local spread of COVID-19 and to recover the economy."

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