Park Seong-su, Songpa District Mayor, Takes Initiative to Revitalize Local Economy with Small Business Owners

'Good Landlord Support Program' Extended Until the End of September

Park Seong-su, Mayor of Songpa District

[Asia Economy Reporter Jongil Park] Songpa-gu (Mayor Park Seong-su) is extending the operation of the ‘Good Landlord Support Project’ until the end of September to help the survival of local businesses weakened by the COVID-19 crisis.

Since March, during the peak of the COVID-19 pandemic, the district has been promoting the ‘Good Landlord Support Project’ to share the difficulties faced by small business owners in hardship. Through this, 464 stores have benefited, amounting to 963 million KRW.

The project encourages landlords to voluntarily reduce rent, establishing a foundation for win-win cooperation with tenant small business owners.

From April, through the first and second phases, 48 building owners applied for the Good Landlord Support, and 30% of the total rent reduction amount (up to 5 million KRW) is supported as building maintenance costs or electrical safety inspection fees. Regular disinfection is also conducted at Good Landlord commercial stores.

Additionally, reflecting the social atmosphere of refraining from going out and to create a safe consumption environment for residents, free disinfection will be carried out for small business stores in the second half of the year, following the first half.

Small business owners, excluding 12 types of high-risk COVID-19 facilities, can apply anytime from September to November through the Songpa-gu Office’s Regional Economy Division for more details.

Stores that have undergone disinfection will continuously receive guidance on COVID-19 prevention rules, and a Small Business Hope Planner will visit in person to provide information on various support policies as well as deliver disinfection supplies.

Park Seong-su, Mayor of Songpa-gu, stated, “The pain of small business owners is very great due to the weakened local economy. We will do our best to promote coexistence between landlords and tenant small business owners and to revitalize the local economy by conducting thorough disinfection.”

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