Jinju-si Expands Additional Rent Reduction for Users of Public Property

For Small Business Owners, Self-Employed, Companies, and Organizations

Jinju City Hall Exterior (Photo by Jinju City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam Province announced on the 15th that it will partially reduce rental fees for public property to help small business owners and self-employed people who are struggling due to the prolonged COVID-19 pandemic.

The city had previously reduced 559 million KRW for 174 locations in the first phase from February to June last year to overcome the economic crisis caused by COVID-19.

Due to the elevation of social distancing to level 2 and the extension of the ban on gatherings of five or more people, on the 4th, the Jinju City Public Property Deliberation Committee decided to further expand the reduction support for facilities operated by small business owners, including city-owned public facilities, underground shopping malls, and public parking lots.

The support period is 181 days from January 1 to the end of June this year, targeting 170 locations using public property, with a support amount of 659 million KRW.

Cases such as agricultural and residential use, which apply the minimum rate of 1% and are not directly affected by COVID-19, are excluded.

Mayor Jo Gyu-il said, “I hope this additional expansion of rental fee reductions for public property will provide some support to small business owners who are making a living under difficult conditions,” and added, “We will continue to seek various support measures to respond to the local economic crisis caused by COVID-19.”

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