Korea Railroad "Extension of Fee Reduction Period for Railroad Station Stores"

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The discount period for store fees within railway stations will be extended again. The purpose is to alleviate the burden on small business owners struggling due to the spread and prolonged impact of the novel coronavirus infection (COVID-19).

Korea Railroad Corporation (KORAIL) announced on the 8th that, in cooperation with KORAIL Distribution, it will reduce by 20% the fees paid by railway station store contractors and the rent for office spaces and other general assets from this month through March.

This measure, which was first applied for 11 months from February to December last year, will be extended for a second time through the first quarter of this year.

During the first discount period, about 1,300 railway-linked stores benefited from discounts totaling approximately 9 billion won.

A Korea Railroad official said, “We are extending the discount period to support small business owners and the national economy, who are experiencing an unprecedented crisis due to the COVID-19 situation.”

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