Much appreciated

Home > Business > Economy

print dictionary print

Much appreciated


A thank you letter from tenants of the Woorim Market is posted on the wall in Jungnang District, eastern Seoul, on Thursday. A building owner that has eight stores in the market reduced rent for February and March by half to alleviate financial woes of merchants caused by the new coronavirus outbreak. The Korean government announced Thursday offers for tax cuts for building owners that volunteer to cut rent for small brick-and-mortar businesses nationwide. The measure includes the government offering half of the discount through income or corporate tax cuts. [YONHAP]

More in Economy

When settling for a studio apartment is too expensive

Bill creates new rental protections for small businesses

Moon gets creative with New Deal as funds are established

Stats show a dearth of cheap digs, politician claims

Covid-19 sees marriage, births fall as divorce, death rises

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now