Jeonbuk Bank Extends Good Landlord Campaign for 4 Months

[Asia Economy Reporter Kim Min-young] Jeonbuk Bank announced on the 8th that it will extend the 'Good Landlord Movement' for four more months.

The bank will reduce the rent of buildings it owns by 30% until the end of the year to support tenants struggling due to the prolonged COVID-19 pandemic.

Jeonbuk Bank has participated in this movement for six months from March to August, providing a 30% rent reduction to 15 companies. With this extension, tenants will be relieved of about 8 million won in rent over four months.

A Jeonbuk Bank official said, "Although we do not own many rental buildings, we prepared this plan to help even a little," adding, "We hope to provide an opportunity to instill hope to those going through difficult times due to the prolonged COVID-19 situation and will continue to do our best to contribute to revitalizing the local economy."

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