Daejeon City Supports Interest-Free Special Guarantee for Hyundai Outlet Tenants

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will provide emergency special guarantee support to tenants affected by the fire accident at Hyundai Premium Outlet.

According to the city on the 18th, the special guarantee will be implemented interest-free for one year, with up to 200 million KRW for companies with physical damage and up to 50 million KRW for companies with business losses, and the city will cover the entire guarantee fee.

Companies wishing to apply for support can do so at Hana Bank or NongHyup Bank located in Daejeon.

In addition to financial support, the city plans to provide paid sick leave allowances, employment retention subsidies, and free legal consultations to the affected companies.

Furthermore, the city will minimize difficulties faced by employees of tenant companies through dedicated employment service desks, connection to the National Employment Support System, and unemployment benefits.

Earlier, to effectively implement support measures, the city formed a damage support TF team with related organizations such as the Daejeon Regional Employment and Labor Office and established group chat rooms with small business owners in the outlet to build a rapid response system.

Lee Jang-woo, Mayor of Daejeon, stated, “We will spare no city-level support to minimize the damage to tenant companies until Hyundai Outlet reopens. Above all, we will thoroughly investigate the cause to prevent recurrence of incidents like the Hyundai Outlet fire accident and do our best in follow-up measures so that tenant companies can resume operations promptly.”

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