Yeosu-si Signs Win-Win Agreement to Revitalize Kkumtteurak Mall

This Year, 50% Rent Reduction, Utility Fees, and Promotion Support for Young Merchants

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Yeosu City (Mayor Kwon Oh-bong) announced on the 3rd that it signed a win-win agreement on the 29th of last month to revitalize the Yeosu Jungang Market Youth Mall (official name ‘Kkumtteurak Mall’), which has been continuously struggling with operations due to the prolonged COVID-19 pandemic.

This agreement ceremony was concluded through a three-month consultation process starting from the end of last year among Yeosu City, Jungang Market Co., Ltd., and the Kkumtteurak Mall Youth Merchants Association to revitalize Kkumtteurak Mall.

According to this agreement, Yeosu City will support the ‘Kkumtteurak Mall Youth Merchants Boom-up Project’ this year by providing a 50% rent discount, partial coverage of utility fees (500,000 KRW per month), and promotional expenses (1,000,000 KRW per month).

Jungang Market Co., Ltd. will participate in the Good Landlord Movement to reduce the burden on youth merchants, and the Youth Merchants Association will take the lead in sincere business activities as a promise to customers.

A city official said, “As social distancing due to COVID-19 continues, the number of users of Kkumtteurak Mall has sharply decreased, causing a very difficult time. Through this agreement, we hope that small but continuous support will help the youth regain vitality as a small spark of challenge and passion.”

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