Fubon Hyundai Life Reduces Rent for Small Businesses in Office Building for 3 Months

Third Round of Support After COVID-19

[Asia Economy Reporter Oh Hyung-gil] Fubon Hyundai Life announced on the 4th that it will reduce rent by 50% for three months for small business owners within its building to help overcome difficulties caused by COVID-19.

The targets are small business owners such as saunas, sports centers, cafes, and academies within the building who are experiencing business difficulties due to strengthened quarantine measures, including the implementation of Level 4 social distancing in the Seoul metropolitan area.

Fubon Hyundai Life had previously reduced rent by 50% for three months for small business owners within the building last year and in January this year.

Lee Jae-won, President of Fubon Hyundai Life, said, "I hope the rent reduction will provide a small help to the business operations of small business owners," adding, "Let us overcome these difficulties together until the day things return to normal."

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