Special 5% Annual Savings Offer Including Saemaeul Geumgo for Dongjak-gu Good Landlords

Saemaeul Geumgo and Dongjak Credit Union Offer 1-Year Fixed Deposit Special with 5% Annual Preferential Interest Rate... List of Participants in Good Tenant Movement Published on District Website to Boost Pride and Support... Applications Accepted via District Office Website Until the 23rd

Dongjak-gu Mayor Lee Chang-woo joined the good consumption campaign last year by visiting Sangdo Traditional Market with district office employees.

[Asia Economy Reporter Jong-il Park] Dongjak-gu (Mayor Chang-woo Lee) is promoting the ‘Good Landlord Support Project’ to ease the burden on small business owners facing economic difficulties due to the prolonged COVID-19 pandemic.

From May to December last year, the district carried out the Good Landlord Support Project, with a total of 1,068 participants including landlords and merchant associations from traditional markets and alleyway commercial districts within the area.

In particular, three branches of Sadang Saemaeul Geumgo (head office, Sadang 2-dong, Sadang 5-dong) and three branches of Dongjak Credit Union (head office, Noryangjin, Seongdae) provided the region’s good landlords with a one-year fixed savings account offering a preferential interest rate of 5% per annum, with a monthly limit of 500,000 KRW?an initiative first nationwide.

As a result, the ‘Dongjak-gu Good Landlord Preferential Savings Project’ was incorporated into policies at the 19th Emergency Economic Central Countermeasures Headquarters meeting and was selected as an excellent case of proactive administration in the second half of 2020, marking a significant achievement.

Kim ** (73), a resident of Noryangjin-dong, said, “I was surprised that not only the government and Seoul City but also Dongjak-gu supports good landlords. Above all, I was glad to be able to open a savings account with a 5% preferential interest rate at the bank,” adding, “I hope the Good Landlord Project spreads further.”

This year, the project will continue targeting landlords who reduce or freeze rent for commercial stores.

Specific support includes ▲ special fixed savings accounts with a 5% annual preferential interest rate at Saemaeul Geumgo and Dongjak Credit Union ▲ on-site building safety inspections by experts such as architects and structural engineers ▲ rent reductions for stores in district-owned properties.

Additionally, the list of participating good landlords will be posted on the district’s website to foster pride and encourage community support.

Landlords wishing to participate can apply by the 23rd through the district office website (General Civil Affairs → Civil Affairs by Category → Good Landlord). Good landlords who participated last year can apply for the support project collectively with one click without submitting additional documents.

Kim Jung-won, Director of the Economic Promotion Division, said, “We hope this project will revive small business owners and the local economy, which have been depressed due to the prolonged COVID-19 pandemic,” and added, “We look forward to the interest and participation of many good landlords.”

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