Ace Bed Provides Second Support of 900 Million KRW for Dealerships Affected by COVID-19

Cumulative 2 Billion KRW Scale... Customized Support for Dealership Rent and Labor Costs

An Seong-ho, CEO of Ace Bed

[Asia Economy Reporter Kim Cheol-hyun] Ace Bed (CEO An Seong-ho) has launched a second round of support for dealership owners who are struggling due to the ongoing spread of the novel coronavirus infection (COVID-19).

Ace Bed announced on the 23rd that it will provide support worth 900 million KRW to dealerships nationwide, including those in the Daegu and Gyeongbuk regions. This is the second round of support following the 1.1 billion KRW assistance provided in March nationwide to dealerships in the form of rent and labor cost support as part of a win-win cooperation effort.

This additional support from Ace Bed was prepared to share difficulties with dealerships facing challenges in normalizing their operations due to the prolonged COVID-19 situation. The cumulative support amount to date reaches 2 billion KRW.

As with the first round, Ace Bed plans to support dealership rent and labor costs in the second round as well. It will provide partial support for rent and employee wages based on the scale of damage and store operation types at 240 stores nationwide, including 34 dealerships in the Daegu and Gyeongbuk areas. Ace Bed intends to continue paying close attention to and supporting the difficulties faced by dealerships even after this support.

An Seong-ho, CEO of Ace Bed, said, "As COVID-19 prolongs, we have prepared a second support plan following the first to help dealership owners who are still facing difficult situations. Although these are challenging times for everyone, we will strive to overcome the crisis through mutual growth with our dealerships."

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