From Tomorrow, "High Oil Price Relief Payments" Usable at Small Business Tenant Stores Inside Hypermarkets

Available at Over 990 Emart and 900 Lotte Mart Locations

Informational Signs Posted at Each Tenant Store Inside Hypermarkets

Large-scale retail channels such as hypermarkets have announced that "High Oil Price Relief Payments" can be used for purchases at small business tenant stores located within their premises. In principle, these relief payments cannot be used at the hypermarkets themselves, but this measure takes into account the small business owners operating franchise stores by renting space within the hypermarkets.

According to the retail industry on May 17, Emart revealed that out of the rental stores at Emart, Traders, and Everyday locations nationwide, a total of approximately 990 stores are able to accept High Oil Price Relief Payments. These are primarily small business sectors closely related to daily life, such as hair salons, optical shops, car washes, restaurants, and cafes, which are frequently visited by citizens.

Similarly, Lotte Mart has set up a system allowing the use of High Oil Price Relief Payments at about 900 out of 3,000 rental stores—roughly 30%—across its 112 locations nationwide. To prevent confusion among consumers regarding where the payments can be used, the hypermarkets have attached distinctive informational signs to each participating tenant store, while also placing prominent notices at store entrances and along main pathways.

Meanwhile, starting May 18, the government will begin the second round of High Oil Price Relief Payments for the bottom 70% of income earners. The payment amounts are 100,000 won for residents in the Seoul metropolitan area, 150,000 won for those in non-metropolitan regions, 200,000 won for people in designated priority areas among population-declining regions, and 250,000 won for those in special regions.

The relief payments must be used by August 31 at small business franchise stores with annual sales of less than 3 billion won within the recipient's local government jurisdiction. In accordance with the policy’s intent, fuel purchases at gas stations can be made using the payments at any location, regardless of the station's sales volume.

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