Gwangju University, Additional 50% Rent Reduction for Tenant Companies
[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju University (President Kim Hyukjong) announced on the 13th that it will provide an additional 50% rent reduction for three months to support on-campus businesses struggling due to the spread of COVID-19.
From March to May, Gwangju University participated in the 'Good Rent Movement' by reducing the rent of 15 on-campus stores, including photo studios, convenience stores, and cafes, by 50% for three months.
According to this policy, on-campus businesses will receive an additional 50% rent reduction from September to November.
President Kim Hyukjong said, "We made this decision to share the pain and promote mutual growth in a situation where on-campus businesses cannot operate normally due to the resurgence of COVID-19."
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- Court Partially Grants Samsung Electronics' Injunction to Prohibit Industrial Action... 100 Million Won Penalty Per Day for Violations
- President Lee: "Corporate Management Rights Should Be Respected as Much as Labor Rights"...Final Samsung Labor-Management Negotiations (Comprehensive)
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Meanwhile, considering the resurgence of COVID-19, Gwangju University extended non-face-to-face online classes until October 16, after the Chuseok holiday. This additional extension of online classes is a preemptive measure to prevent the spread of COVID-19 within the local community and the school, due to concerns that the large population movement during the Chuseok holiday could lead to a mass infection outbreak.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
