Suncheon-si, Reduction of Usage and Lease Fees for Public Property to Overcome COVID-19

Usage and rental fee rates reduced by up to 80%~50% this year, with a 150 million won reduction

[Suncheon=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City, Jeollanam-do (Mayor Heo Seok) announced on the 23rd that, following last year, it will continue to reduce the usage and lease fees for public property this year to alleviate the financial burden on small business owners suffering from the economic impact of the COVID-19 pandemic.

The reduction in usage and lease fees targets individual business owners, small business operators, and small and medium-sized enterprises using provincial and municipal public properties managed by Suncheon City for commercial and business purposes.

The reduction period is one year, from January to December, with usage and lease fees reduced by up to 80% for provincial properties and up to 50% for municipal properties.

The total amount of the fee reduction is approximately 150 million KRW, benefiting about 80 local small business owners and others.

Eligible applicants can submit a reduction application form in person to the relevant property management department without the need to provide separate proof of COVID-19 damage.

Upon application, usage and lease fees already paid will be refunded by the reduced amount, and future fees will be discounted accordingly.

A city official stated, “We hope that the reduction in usage and lease fees for public properties will minimize the economic damage to small business owners and citizens caused by the spread of COVID-19,” adding, “Although everyone is exhausted from the prolonged effects of COVID-19, let us overcome this together through cooperation between the public and private sectors.”

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