Gwangjin-gu Supports Good Landlords with Financial and Safety Inspections

On the 20th, Gwangjin-type Good Landlord Win-Win Agreement Ceremony Held... Good Landlord Award, Interest-Free and Guarantee-Free Financial Support for Small Business Landlords... Elevator Safety Inspection Delegation Fees and Free Electrical Safety Inspections Provided

[Asia Economy Reporter Jong-il Park] Gwangjin-gu (District Mayor Kim Seon-gap) held a ‘Good Landlord Win-Win Cooperation Agreement Ceremony’ on the 20th at the Planning Situation Room with local private organizations and large-scale stores in attendance to expand participation in the ‘Gwangjin-type Good Landlord Win-Win Cooperation Movement.’

This agreement ceremony was organized to reduce the rent burden on small business owners struggling due to the spread of COVID-19 and to seek a path of coexistence for revitalizing the local economy through participation in the ‘Good Landlord Movement.’

On this day, 11 organizations including the Gwangjin-gu Chamber of Commerce, Gwangjin-gu Council for the Promotion of Right Living, Residents’ Autonomy Committee Chairpersons’ Council, Konkuk AMC, and Future Cube Co., Ltd. participated and signed a business agreement to mutually cooperate in expanding participation in the ‘Good Landlord Movement.’

The main contents of the agreement include ▲ establishing a close work system to expand participation in the ‘Gwangjin-type Good Landlord Win-Win Cooperation Movement’ ▲ providing landlords with practical information and Gwangjin-type incentives ▲ supporting necessary matters to enhance the self-sustainability of small business tenants and revitalize the local commercial district.

To this end, Gwangjin-gu will support landlords participating in the Good Landlord Win-Win Cooperation Movement by subsidizing elevator self-safety inspection consignment fees for building owners up to 100,000 KRW per month for three months from October to December, along with government and Seoul city support projects, and provide ‘Gwangjin-type Small Business Landlord’ financial support.

The ‘Gwangjin-type Small Business Landlord’ financial support project offers loans up to 20 million KRW to landlords and tenants when small business operators located in Gwangjin-gu who also engage in real estate leasing reduce rent by 10% or more or sign a rent reduction agreement. Interest and guarantee fees are also supported for one year.

Additionally, the Korea Electrical Safety Corporation Eastern Branch provides free electrical safety inspections, and to enhance the self-sustainability of stores with sharply decreased sales and revitalize commercial districts, a ‘Our Neighborhood Good Landlord Certification Event’ is promoted targeting good landlord buildings.

The ‘Our Neighborhood Good Landlord Certification Event’ operates by awarding 10,000 KRW Gwangjin Love Gift Certificates to 30 people weekly through a lottery for two months from November to December, upon certification of purchase receipts and reviews after using stores in good landlord buildings.

Also, at the agreement ceremony, a certificate of commendation was presented to Konkuk AMC for actively participating in the ‘Good Landlord Movement.’

Konkuk AMC reduced a total of 326 million KRW for 91 stores over two months in March and April and additionally reduced rent for 102 stores totaling 330 million KRW in September and October.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “This agreement ceremony was held recognizing the need to alleviate rent burdens as a way to share the pain of small business owners and self-employed people and to spread the awareness of living together. I hope the good influence of those who participated here reaches every corner of our society and that continuous participation will help overcome the economic difficulties caused by COVID-19 at an early stage.”

Meanwhile, up to now, a total of 42 landlords including Konkuk AMC in Gwangjin-gu have participated in the ‘Good Landlord Movement,’ and 114 stores have received rent reductions.

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