Gwangju Urban Railway Corporation, 50% Rent Reduction for Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan Rapid Transit Corporation (President Yoon Jin-bo) announced on the 24th that it has decided to reduce rent by 50% for leased facilities within stations from last month until June.

The support effect amounts to approximately 56 million KRW.

Previously, the corporation also implemented a rent reduction totaling 63 million KRW over six months last year, contributing to stabilizing the local economy.

In addition, various support measures are being carried out to revive the sluggish local economy, including win-win marketing with traditional markets and local businesses, and the activation of local currencies such as the Gwangju Win-Win Card.

President Yoon Jin-bo said, “We have reduced rent to alleviate the pain of small business owners who are struggling due to the prolonged COVID-19 pandemic,” adding, “We hope to achieve the development of the local community with the Gwangju spirit of overcoming the crisis together.”

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