Yongsan-gu Grants 944 Cases and 600 Million KRW Reduction in Regular Road Occupancy Fees

Private Operators and Individuals to Receive 25% Principal Refund... Revised Notices to Be Sent to Delinquents

[Asia Economy Reporter Park Jong-il] Yongsan-gu (Mayor Seong Jang-hyun) has reduced (refunded) 25% of 944 cases of the 2020 regular road occupancy fees.

This is to support businesses and households struggling due to the novel coronavirus infection (COVID-19).

The reduction targets are private business operators and individuals such as small business owners in the area.

The district first completed the reduction for those who had already paid. By facility type, it is divided into ▲vehicle access roads 478 cases ▲protruding signboards 148 cases ▲private guide signs 98 cases ▲stalls and street vendors 204 cases ▲connecting passages, aboveground and underground occupancy facilities 16 cases.

The amount reduced is 638.97 million KRW.

For those who have not paid (delinquents), revised bills were newly sent. The number of reduced cases is 213, and the reduction amount is 30.65 million KRW.

Road occupancy fees are imposed annually on those who occupy roads after prior permission according to Article 61 (Permission for Road Occupancy) and Article 66 (Collection of Occupancy Fees) of the Road Act.

Following government policy, the district sent notices of road occupancy fee reduction and refund measures to eligible recipients in July.

The road occupancy fee reduction is temporarily implemented only this year. Next year, the occupancy fees will be calculated again based on the pre-reduction standards. Existing reduction targets (government and public interest facilities) were excluded from this reduction.

Seong Jang-hyun, Mayor of Yongsan-gu, said, “Although small, the road occupancy fee reduction will have helped residents and merchants,” and added, “Since the application deadline for the small business emergency management stabilization subsidy has been extended to the 25th, we hope many merchants will apply.”

The small business emergency management stabilization subsidy is paid to self-employed persons (newly established small business owners) who started their business before June 30 of this year and are still operating as of the application date, and small business owners whose 2019 sales were less than 1 billion KRW (500 million KRW if the business period is less than 6 months). The support amount is 1 million KRW per business in the Itaewon Tourism Special Zone, and 700,000 KRW per business in other areas.

In addition, the district plans to lead economic recovery by mobilizing all methods such as ▲lowering loan interest rates for small, youth enterprises and small business owners ▲operating a customized bidding information system ▲prioritizing the purchase of small business products ▲issuing additional Yongsan Love Gift Certificates ▲supporting businesses visited by COVID-19 confirmed cases.

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