Black Yak Supports Rent for Dealerships in Daegu Area

[Asia Economy Reporter Yujin Cho] Global outdoor brand Black Yak (Chairman Kang Tae-sun) is stepping up support for dealership owners and department store sales agents in the Daegu area who are struggling due to the spread of the novel coronavirus (COVID-19).

On the 10th, Black Yak announced that it will provide differential support for part of the rent to share the pain and encourage dealerships in Daegu, which have been directly hit in sales by the COVID-19 outbreak. Additionally, the company plans to ease the burden of store operations by paying sales commissions early to department store outlets in the region.

Amid the recent rise of the "Good Landlord" movement to help self-employed individuals facing difficulties due to the COVID-19 spread, the government is also accelerating efforts by preparing incentive measures for landlords who reduce rent, such as tax cuts.

Black Yak plans to continuously prepare support measures to overcome the crisis together while closely monitoring the rapidly changing COVID-19 situation. Prior to this decision, on the 28th of last month, the company donated 1,000 clothing items to medical personnel and quarantine workers working hard in the Daegu area.

A Black Yak official said, “We decided on this support to share the pain with dealerships in the Daegu area, which are especially struggling due to the COVID-19 spread,” and added, “Since headquarters employees are cooperating by raising funds to help Black Yak department store sales agents in this region, the headquarters will also review broad win-win measures.”

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