Gwangju City Council Member Kang Suhun: "Discount on Public Parking Fees at Traditional Markets"
‘Parking Lot Ordinance Amendment’
Passes City Council Standing Committee
Kang Suhun, a member of the Gwangju City Council (The Minjoo Party of Korea, Seo-gu District 1), announced on the 12th that the "Gwangju City Parking Lot Ordinance Amendment," which focuses on expanding fee reductions at public parking lots near traditional markets, passed the City Council's Industry and Construction Committee review on the 11th.
The existing ordinance stipulates that only 50% of the parking fee can be reduced if merchants and customers of traditional markets submit proof and use the parking lot. However, the amendment allows those entrusted with managing public parking lots to provide additional fee reductions if deemed necessary to revitalize traditional markets.
During the drafting process of the ordinance amendment, Gwangju City submitted an opinion expressing concern that additional fee reductions at public parking lots under the jurisdiction of autonomous districts could lead to decreased revenue.
In response, Kang stated, "For public parking lots at traditional markets under Gwangju City's jurisdiction, the city collects usage fees annually from the entrusted party based on the Public Property Act, so even if the entrusted party decides to provide additional fee reductions, it does not affect the city's revenue." He added, "Since each autonomous district in Gwangju City has already enacted and is implementing its own parking lot ordinance according to Article 14 of the Parking Lot Act, this ordinance will not affect district revenue unless each district amends its own ordinance."
Kang also emphasized, "In the case of traditional markets, which are expected to be significantly impacted by the opening of large shopping malls in the area, additional parking fee reductions could help revitalize the markets by attracting more customers."
Hot Picks Today
"Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- While Everyone Focused on Samsung and Nix, This Company Soared 50%... Hit Record Highs for 4 Days [Weekend Money]
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- Incoming Fed Chairman Kevin Walsh to Sell $2.52 Million Worth of Coupang Shares
- "Target Price Set at 970,000 Won"... Top Investors Already Watching, Only an 'Uptrend' Remains [Weekend Money]
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.