Jangseong-gun to Reduce Rent for Military-Owned Properties by 80% for 6 Months

[Asia Economy Honam Reporting Headquarters Reporter Oh Gilsu] Jangseong-gun, Jeollanam-do announced on the 3rd that it will reduce the rent (usage and lease fees) of military-owned properties by 80% for six months to alleviate the economic burden on local small business owners and SMEs struggling with operational difficulties due to COVID-19.

The county held a shared property review meeting on the 29th of last month and finalized this decision following the revision of the "Enforcement Decree of the Act on the Management of Shared Property and Goods," which provided the basis for rent reduction to support COVID-19 damage relief.

The reduction period is from February 1 to July 31 of this year, and the reduction applies to 176 military-owned properties, including Hwangryong Market. The total support amount reaches 56 million KRW.

Properties used for residential or cultivation purposes that have not suffered damage due to the disaster are excluded from the support target.

Among the reduction targets, if the military-owned property could not be used due to business closure, the contract period will be extended by the unused period. Also, if rent has already been paid, refund procedures will be carried out from May upon application to the relevant eup/myeon administrative welfare centers or other responsible departments.

Yoo Doo-seok, Jangseong County Governor, said, "I hope the 80% reduction in military-owned property rent will help local small business owners and entrepreneurs overcome management difficulties," and added, "We will revitalize the local economy through various support and policy initiatives."

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