Rent Reduction of 20-30% Until June

Gwangju Gwangsan-gu Commercial Association Joins 'Good Rent' Campaign View original image


[Asia Economy Honam Reporting Headquarters, Reporter Yoon Jamin] As the movement to reduce rent to overcome the COVID-19 crisis spreads nationwide, building owners in Gwangsan-gu, Gwangju Metropolitan City have also joined the ‘Good Rent’ campaign.


According to Gwangsan-gu on the 16th, five building owners of the Gwangsan-ro Shopping District Association in Songjeong 2-dong (President An Gihyeon) decided to reduce rent by 20-30% from this month until June.


The number of tenants benefiting from the rent reduction is nine.


The building owners are known to have agreed to temporarily reduce rent to ease the difficulties faced by tenants even a little.



An Gihyeon, president of the Gwangsan-ro Shopping District Association, said, “We stepped up for small business owners who are going through hardships,” and added, “I express my gratitude to the building owners who joined together to share the pain.”


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

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