Gyeonggawon Supports Pangyo Technovalley Employees with Up to 30 Million KRW in Rental Deposit Assistance

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide up to 30 million KRW in rental deposit support to employees of Seongnam Pangyo Techno Valley.

The Gyeonggi Provincial Economic Science Promotion Agency announced on the 16th that it will carry out the "2022 Pangyo Techno Valley Rental Deposit Support Project," providing 30 million KRW to employees aged 39 or younger working at small and medium-sized enterprises and mid-sized companies located in Pangyo Techno Valley 1 and 2, who are tenants of houses, apartments, or officetels with jeonse deposits of 300 million KRW or less and who do not own a home.

The agency will provide interest-free rental deposits of up to 30 million KRW per unit to employees in Pangyo Techno Valley who relocate their residence to Gyeonggi Province. Support is available for up to 10 units per company. The support period is two years, with one extension possible, allowing for up to four years of interest-free support.

However, public rental housing supplied with financial support from the national or local governments is excluded from this support to prevent duplicate benefits.

Upon expiration of the agreement, the rental deposit received must be returned to the Gyeonggi Provincial Economic Science Promotion Agency. Applications can be submitted through the Pangyo Techno Valley website (www.pangyotechnovalley.org).

Meanwhile, last year, the agency provided 1.12 billion KRW in rental deposits to 40 units (persons) across 15 resident companies in Pangyo Techno Valley.

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