Joining the 'Good Landlord Movement'... Jeonbuk Bank Extends Rent Reduction for 6 Months

[Asia Economy Reporter Kim Hyo-jin] JB Financial Group Jeonbuk Bank announced on the 21st that it will reduce the rent of buildings it owns by 30% until June next year to support tenants struggling due to the resurgence of the novel coronavirus infection (COVID-19).

Earlier, in March, Jeonbuk Bank also participated in Jeonju City's 'Good Landlord Movement' and reduced the rent by 30% for 10 months for 11 small business operators.

A Jeonbuk Bank official said, "Although we do not have many rental buildings, we have prepared this measure to provide practical help to self-employed people whose sales have declined due to reduced consumption," adding, "We hope to offer an opportunity to instill hope to those going through difficult times due to the resurgence of COVID-19 and will continue to do our best to contribute to the revitalization of the local economy."

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