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Repair Costs Named as Primary Cause of Commercial Lease Disputes Last Year

Repair Costs Named as Primary Cause of Commercial Lease Disputes Last Year

SEOUL, Feb. 24 (Korea Bizwire) — Conflicts over repair costs accounted for the largest share of commercial lease disputes in Seoul last year, the city government said said Thursday. According to the Seoul Metropolitan Government, 188 dispute cases were filed with the commercial lease dispute coordination committee last year, of which 28.2 percent or 53 [...]

Self-employed Affected by Antivirus Restrictions Get Break on Commercial Lease Contracts

Self-employed Affected by Antivirus Restrictions Get Break on Commercial Lease Contracts

SEOUL, Jan. 6 (Korea Bizwire) — The self-employed who shut down operations due to the government’s coronavirus pandemic-related restrictions will be allowed to terminate their commercial lease contracts earlier than the end date. The Ministry of Land, Infrastructure and Transport announced that the revision of the Commercial Building Lease Protection Act took immediate effect after [...]