SEOUL, Feb. 13 (Korea Bizwire) — Landlords at Jeonju Hanok Village, located in North Jeolla Province, have decided to offer a 10 percent discount on monthly rent for the tenants in the area to support their businesses struggling with drop in tourism resulting from the coronavirus outbreak.
This voluntary decision by the landlords of a major tourist attraction, attracting more than 10 million visitors each year, may spread to become a string of social movements.
Jeonju Mayor Kim Seung-su and 14 landlords from Jeonju Hanok Village agreed to work side-by-side for the development of the village in a bid to overcome the impact of the coronavirus outbreak.
Landlords will help local tenants stay afloat by offering a 10 percent discount on monthly rent for at least three months, while encouraging other landlords to join mutual efforts for coexistence.
The decision came after extensive negotiations between city officials and landlords in January of last year to prevent gentrification.
H. M. Kang (firstname.lastname@example.org)