Yeongam-gun, Additional Rent Reduction for Public Property to Overcome COVID-19

Yeongam-gun Office Building Exterior Photo by Asia Economy

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Yeongam-gun, Jeollanam-do, has decided to further reduce the rent of public property by up to 80% until the end of the year to ease the economic burden on self-employed and small business owners who are experiencing financial difficulties due to the prolonged COVID-19 pandemic.

According to the county on the 22nd, the rent reduction for usage and lease fees, extended until the end of this year, applies to about 338 local small business owners, including those renting public property buildings and land owned by the county for commercial and office use, such as stores in the 5-day market and self-employed individuals.

Additionally, if rent has already been paid, the paid lease fees will be refunded or the next payment amount will be reduced accordingly, and unpaid rent will be charged excluding the reduced portion.

Last year, the county supported 715 cases with a 50% reduction in public property rent, providing 770.71 million KRW, and this year, the reduction rate was raised to 80%, supporting 338 cases with 57 million KRW during the first half (January to June).

Furthermore, the county plans to continue until the end of the year with measures such as emergency support funds for small business owners (2nd round) of 1 million KRW per business, card fee support, livelihood support funds (2nd round) up to 1 million KRW for unregistered traditional market businesses and street vendors, employment stability support funds (2nd round) of 1 million KRW per person for special-type workers and freelancers, and social insurance fee support for self-employed and businesses with fewer than 10 employees.

A Yeongam-gun official stated, “We hope this will be an opportunity for self-employed and small business owners, who are facing worsening management difficulties due to the prolonged COVID-19 pandemic, to hold onto hope and overcome hardships,” adding, “We will do our best to revitalize the local economy as the top priority of county administration.”

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