SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s postal service operator Korea Post announced that a new bill will be submitted to the National Assembly which allows for individuals authorized to use and profit from postal assets to re-lease them to a third party.
This bill considers the rising sublease demand driven by the expansion of shared offices and kitchens, and allows the public to gain more access to various postal assets. Prior approval will be required for a sublease.
Korea Post has been subletting extra space to the public to contribute to the efficient use of postal assets and generate additional revenue.
Following the coronavirus outbreak, Korea Post has offered to cut as much as 20 million won (US$17,000) in terms of rent for small businesses.
The postal service has exempted rent totaling 2.6 billion won (US$2.2 million) for the 430 spaces being rented since April
With last month’s new measures to offer additional discounts for small businesses, the total amount of discounts is expected to increase, Korea Post said.
Image Credit: Okcheon County Office / Korea Bizwire / Lotte Group / firstname.lastname@example.org