Gwangju Urban Railway Corporation, '50% Rent Reduction' to Overcome Omicron

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Metropolitan Rapid Transit Corporation (President Yoon Jinbo) announced on the 16th that it will reduce rent for rental facilities within stations by 50%.

This measure aims to revive the local economy, which has been stagnant due to the spread of Omicron, and to alleviate the burden on small business owners.

The corporation has been reducing rent and other fees amounting to approximately 210 million KRW over two years since 2020.

Through this extension, it has decided to further reduce about 50 million KRW, which is half of the rent from January to June this year.

Along with this, various support measures will be implemented to revive the weakened local economy, including win-win marketing with traditional markets and local businesses, and the activation of local currencies such as the Gwangju Win-Win Card.

President Yoon Jinbo said, “We have decided to lower rents with a heart to share the pain with small business owners who are struggling due to business contraction caused by the spread of Omicron,” adding, “We will do our best to realize a regional community of coexistence and communication.”

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