50% Rent Reduction for Small Businesses and SMEs Occupying Saeul Nuclear Power Plant
13 Partner Companies at Saeul Headquarters Achieve Rental Cost Savings Worth 10 Million Won
[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] “We are cutting the rent in half for the first half of this year.”
Korea Hydro & Nuclear Power Saewool Nuclear Headquarters (Head Lee Sang-min) is reducing rent for partner companies located in the headquarters building to alleviate the financial difficulties of small business owners and SMEs caused by COVID-19.
Among the 22 companies located in Saewool Headquarters, 13 partner companies classified as small business owners and SMEs are eligible for the rent reduction. These companies will receive a total rent reduction of 10 million won, which is 50% of the rent, until June.
Lee Sang-min, head of Saewool Headquarters, said, “I am glad to be able to reduce the burden on small business owners and SMEs who are working with the headquarters during this difficult time due to the spread of COVID-19,” and added, “Saewool Headquarters will continue to do its best to fulfill its role as a social enterprise.”
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Additionally, Saewool Headquarters plans to support small business owners and SMEs affected by COVID-19 by exempting all late payment interest when tenant companies fail to pay rent and other fees.
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