Five Landlords Offer 20-45% Rent Reduction for Up to 12 Months

"‘Good Landlord’ Movement Spreads to Jangseong" View original image


[Asia Economy Honam Reporting Headquarters, Reporter Oh Gil-su] The 'Good Landlord Movement' is rapidly spreading in Jangseong-gun, Jeollanam-do.


According to Jangseong-gun on the 12th, five landlords in the region are participating in the Good Landlord Movement by reducing rent by 20-45% for periods ranging from one month to a maximum of 12 months. This decision has eased the rent burden for merchants of five stores.


Jangseong-gun is also promoting a 50% reduction in traditional market usage fees from March to May to support merchants struggling due to a decrease in visitors. The fee reduction applies to 500 stores in three traditional markets in the area (Hwangryong, Sachang, Sageori).


Additionally, the county plans to continuously carry out activities such as rent reduction campaigns and government support guidance targeting small business-related organizations to focus on spreading a spirit of coexistence.


Yoo Doo-seok, the mayor of Jangseong-gun, said, "We thank the landlords who actively shared the pain during these difficult times," and added, "Let us overcome this hardship with one heart by upholding the tradition of mutual aid."



Furthermore, Jangseong-gun is advancing its support projects for small business owners facing economic difficulties due to reduced consumption, including store rent, loan interest, and credit guarantee insurance fee support, ahead of the original schedule. The special 10% discount sale period for the local currency, Jangseong Sarang Gift Certificates, will also be operated until the 31st.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing