Gyeongbuk Provincial Office of Education Extends Shared Property 'Rent Reduction' Until End of June

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] The Gyeongbuk Office of Education (Superintendent Lim Jong-sik) announced on the 6th that it will extend the period of reduction for usage fees and rental fees of public property, including closed schools, until the end of June.

The reduction targets for public property usage fees are tenants operating business types on public property (such as cafeterias and vending machines). If operated, an 80% reduction will be granted, and if not operated, the usage period will be extended or the usage fee will be waived.

Additionally, in the case of closed school properties, a 50% reduction is applied if used as income-generating facilities. If used as educational, social welfare facilities, cultural facilities, public sports facilities, or facilities supporting return to farming, fishing, or rural areas, up to an 80% reduction is provided.

The Gyeongbuk Office of Education had previously provided a 50-80% reduction in rental fees to tenants of public property and closed school properties from April to December last year, resulting in a support effect of approximately 597 million KRW. With this extension of the reduction period, tenants are expected to receive a reduction benefit of 436 million KRW.

Superintendent Lim Jong-sik stated, "In a situation where the prolonged COVID-19 pandemic is expected to severely impact the local economy, I hope that this extension of the public property rental fee reduction will help us overcome the difficult COVID-19 situation together."

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