Dongbu Construction, Busan Merium Rent Reduced by 50%... "Joining Crisis Overcoming"
[Asia Economy Reporter Moon Jiwon] Dongbu Construction has joined the 'Good Rent Movement.'
Dongbu Construction announced on the 10th that it has decided to reduce the rent by 50% for three months starting this month for tenants in the Merium building located in Busanjin-gu, Busan.
As a result of this measure, a total of 21 small and medium-sized partner companies are expected to benefit from the rent reduction.
Merium is a wedding complex space housing small and medium-sized businesses related to weddings, such as wedding halls, dress rentals, and makeup services. The tenants have been paying fixed monthly rent to Merium.
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A Dongbu Construction official said, "Due to the spread of the novel coronavirus infection (COVID-19), small business owners and small and medium-sized enterprises have suffered significant economic damage," adding, "We hope that Dongbu Construction's Good Rent Movement will be of some help in overcoming this crisis."
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