Gimhae City to Extend 'Generous Support' by Reducing Rental Fees for Public Property Leases

50% Refund for 4 Months Following Step 2 Upgrade After Last Year's February-July Period
City Shared Property Deliberation Committee to Meet This Month to Discuss Additional Extensions This Year

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province announced on the 15th that it will extend the reduction of rental fees for public property to help small business owners struggling due to the novel coronavirus infection (COVID-19).

The reduction applies to small business owners and small and medium-sized enterprises using public property managed by the city for purposes other than agriculture and residential use.

For the four months of rent already paid from August 23, last year, when social distancing was raised to level 2, until the end of December, a 50% refund will be provided. Applications can be made from this month until March at each property management department of the city hall.

Earlier, since February last year, when COVID-19 first occurred, the city reduced the rental rates for six months of public property by 50% or extended the rental period, resulting in a rent reduction worth approximately 160 million won.

A city official said, “We are promoting various damage recovery policies to overcome COVID-19, such as local tax reductions to support victims of COVID-19,” and added, “By taking the lead in the public sector to reduce rental fees, we hope the Good Landlord Movement, which is voluntarily carried out in the private sector, will expand further.”

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