Hadong County Eases Rent Burden for Small Business Owners

Up to 700,000 Won in Support; Previous Beneficiaries May Reapply

Expanded Practical Assistance for Business Stability

Hadong County in South Gyeongsang Province is accepting applications for its rent support program for small business owners, who are struggling due to the economic downturn and the burden of fixed costs, until March 31, 2026.

This initiative aims to help stabilize the operations of small businesses by easing the burden of rent and to promote the sustained revitalization of the local commercial district.

Photo of Hadong County Office Exterior

The program targets approximately 200 small businesses. Eligible applicants are local small business owners who have signed a lease agreement, are renting their store, and have been operating normally for more than six months from the date of registration stated on their business registration certificate.

Notably, recipients of the program in 2024 and 2025 are also eligible to reapply this year. However, new applicants will be given priority, and if there is a remaining budget, additional recipients will be selected based on the scoring criteria.

The support amount ranges from 500,000 won to a maximum of 700,000 won depending on the average monthly rent. The monthly average rent support is: ▲ For rent between 100,000 won and 590,000 won, 500,000 won; ▲ For rent between 600,000 won and 890,000 won, 600,000 won; ▲ For rent of 900,000 won or more, 700,000 won.

The support funds will be paid in a lump sum after confirming documentation for five months’ rent payments.

The county expects that this support program will provide meaningful assistance for the operational stability of small business owners facing significant rent burdens.

A county official stated, “Creating a stable business environment for small business owners is a crucial foundation for local economic revitalization,” adding, “We will continue to actively pursue various support policies that small business owners can tangibly benefit from.”

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