Yongin City to Continue Rental Fee Waivers for Shared Assets This Year...Up to 80% Reduction

[Suwon Ilbo=Reporter Park No-hoon] Yongin City announced on the 4th that it will waive rental fees for tenants of municipal shared assets—including small business owners and self-employed individuals—by up to 80% through December of this year.

The city decided to maintain the same scale and scope of support as last year, following deliberation by the Municipal Shared Asset Review Committee, in order to ease the economic burden on small business owners and self-employed individuals struggling with prolonged COVID-19 impacts on their operations.

Previously, the city waived rental fees for tenants of shared assets, including small business owners and SMEs, from February 2020 through December 2021.

Last year, small business owners (43 individuals) and SMEs or organizations (21 entities) received rental fee waivers totaling 1.047 billion won.

Eligible tenants are those who lease municipal shared assets excluding simple agricultural or residential use—such as restaurants and shops operating within the city's public facilities.

Upon selection as a rental fee waiver recipient, small business owners can receive waivers of up to 80%, while SMEs and organizations can receive up to 50% waivers.

In cases where facilities are closed and operations are suspended due to government quarantine measures such as social distancing, the rental period can be extended for that duration, or the rental fee can be waived entirely.

Those seeking rental fee waivers must submit an application form and damage documentation to the department that leases the relevant shared asset.

Yongin City Mayor Baek Kun-gi said, "We have been able to reduce the economic burden on small business owners and self-employed individuals who lease municipal shared assets, even if only slightly," and added, "Going forward, we will continue to develop various support measures that can provide practical assistance to these businesses."