Sejong-si, 25% Reduction in Road Occupancy Fees This Year

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City will reduce the regular road occupancy fees by 25% this year.

According to the city on the 6th, the reduction targets all private businesses and individuals, including small business owners, excluding public institutions and local public enterprises. The reduction period is from January to December of this year (regular fees).

Road occupancy fees are charges imposed when obtaining permission to occupy part of a public road for purposes such as securing access to commercial buildings.

The reduction applies a 25% discount to both the regular road occupancy fees and the road occupancy fees newly imposed this year, and will be applied collectively to the 2022 regular road occupancy fees without a separate application, with invoices issued by July 31.

The city expects this policy to ease the burden by 360 million KRW (1,570 cases) out of the annual road occupancy fees totaling 2.685 billion KRW (1,807 cases).

Meanwhile, at the request of the Ministry of Land, Infrastructure and Transport, the city retroactively applied a 25% reduction to the 2020 road occupancy fees and ultimately reduced last year's road occupancy fees by 50%.

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