Incheon City Supports Rental and Disinfection Costs for Corporate Shareholders' Meeting Venues

[Asia Economy Reporter Park Hyesook] Incheon City will support venue rental fees and quarantine costs for corporate shareholders' meetings considering the COVID-19 situation.

The city announced on the 3rd that it will support costs related to shareholders' meetings to ensure that this essential corporate management activity is not disrupted by the spread of COVID-19.

First, considering the vulnerability of quarantine measures when using confined indoor spaces within corporations, it encourages the use of facilities with good quarantine systems such as hotels or Convensia, and plans to support rental fees ranging from 3 million to 40 million KRW for venues located in the Incheon area.

Quarantine costs of 4 million to 10 million KRW will also be supported depending on the number of attendees and the area of the shareholders' meeting.

If applications for support are submitted through the Incheon Chamber of Commerce and Industry by the end of this month, the Incheon Tourism Organization will provide rental and quarantine cost support to the applying companies.

To revitalize the local economy, the city plans to provide the same support not only to listed corporations in Incheon but also to listed corporations from other regions holding shareholders' meetings in Incheon.

Additionally, it promotes the use of electronic voting and written voting to minimize on-site participation during shareholders' meetings and publicizes compliance with quarantine guidelines such as the placement of thermometers.

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