Hana Financial Group Grants Rent Exemption and Reduction to Tenants in Owned Buildings

Small Business Rent Fully Waived for 6 Months
Up to 50% Discount for SMEs with Industry-Specific Differentiation
Active Participation in Social Responsibility to Overcome COVID-19
Practicing Finance That Shares Happiness and Grows Together

[Asia Economy Reporter Kangwook Cho] Hana Financial Group announced on the 20th that it will actively participate in the 'Good Landlord Movement' by exempting and reducing rent for tenants leasing buildings owned by Hana Bank and other group affiliates.

According to this decision, small business owners leasing buildings owned by Hana Bank and other affiliates under Hana Financial Group will be exempt from paying monthly rent in full for six months starting next month. Additionally, small and medium-sized enterprises (SMEs) will receive up to a 50% reduction in monthly rent for six months, with differential application depending on the industry.

This decision was made at the group level considering that small business owners and SMEs, whose business operations have become difficult due to the re-spread of the novel coronavirus infection (COVID-19) and the strict practice of social distancing required, are suffering from the double burden of having to pay fixed rent every month.

In March, Hana Financial Group had also provided full rent exemption for small business owners and SMEs in the Daegu and Gyeongbuk regions for three months, and a 30% rent reduction for other regions. This time, as COVID-19 has re-spread mainly in the metropolitan area, the group decided to reduce rent by 50% to 100% regardless of the region.

Furthermore, Hana Financial Group decided to provide a total of 216 studio-type rooms at the group training center ‘Hana Global Campus’ located in Cheongna, Incheon, as a COVID-19 residential treatment center to help solve the critically insufficient hospital bed shortage. Earlier in September, the group’s employees also participated in the 'Love Sharing Blood Donation Campaign' to help address the blood shortage caused by the COVID-19 impact.

A Hana Financial Group official said, “We decided to join the Good Landlord Movement to alleviate the burden on small business owners and SMEs who are suffering from the double hardship of a sharp drop in sales and fixed monthly rent due to COVID-19,” adding, “We will continue to seek various support measures to encourage small business owners and SMEs practicing social distancing despite the difficult circumstances caused by COVID-19.”

Meanwhile, based on the group’s mission of 'Growing Together and Sharing Happiness through Finance,' Hana Financial Group will continue to do its best in fulfilling social responsibilities for the joy of all, including revitalizing the social economy and supporting marginalized groups.

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