Sejong-si, Half Rent for Public Property Again This Year

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City will temporarily maintain the shared property rental fee reduction benefits for this year.

The city announced on the 18th that, to support small business owners and self-employed individuals facing economic difficulties due to the prolonged COVID-19 pandemic, it will continue to charge only half of the shared property rental fees this year, following last year’s policy.

In particular, this year, the support targets have been expanded to allow 53 locations, including small business owners in kiosks and shopping malls, to receive rental fee reduction benefits. However, rental fees for residential use, cultivation, and public institutions are excluded from the reduction.

Tenants can receive rental fee reduction benefits by submitting objective evidence, such as a value-added tax taxable standard certificate, to the permit department to prove a decline in sales due to the spread of COVID-19.

Park Hyung-guk, head of the city’s accounting department, said, “Due to the prolonged COVID-19 pandemic, the income of shared property tenants has continuously decreased, increasing their financial burden. The city will extend the rental fee reduction period through this year to help tenants overcome economic difficulties.”

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