Gwangjin-gu to Promote Support of Up to 5 Million Won for Good Landlords

‘Good Landlord Business’ Promoted Until the End of September... Up to 5 Million Won Support

Reception scene of the 'Seoul-style Good Landlord Support Project' promoted last April

[Asia Economy Reporter Park Jong-il] Gwangjin-gu (District Mayor Kim Seon-gap) is promoting the ‘Good Landlord Support Project’ until the end of September to help overcome the economic difficulties of small business owners caused by the prolonged COVID-19 pandemic.

The ‘Good Landlord Project’ is a program that supports landlords who reduce rent by providing benefits worth up to 5 million KRW to encourage coexistence between landlords and tenants and to spread a social atmosphere of mutual support.

Landlords selected for the project can receive support for building maintenance costs such as waterproofing, insulation, and window repairs, or monthly electrical safety inspection fees, up to 30% of the rent reduction amount, with a maximum of 5 million KRW.

Additionally, landlords can promote their buildings through the ‘Good Landlord Real Estate’ app, and disinfection services are provided upon request to participating landlords.

Landlords wishing to apply for the ‘Good Landlord Project’ should bring the rent reduction coexistence agreement, project application form, tenant’s business registration certificate, and other required documents to the Gwangjin-gu Real Estate Information Division either in person or by mail.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “Although everyone is going through difficult times due to the prolonged COVID-19 pandemic, I believe that by working together, we can overcome this wisely. I hope that voluntary rent reductions will promote mutual coexistence between landlords and tenants, spread positive influence in the community, and continuously contribute to economic recovery.”

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