휴먼스토리 pt3. 고통 분담하고자 임대료 인하하는 착한 임대인들 Small businesses in Seoul's markets are suffering from the economic downturn. Some leaseholders are finding ways to lend much needed help, by cutting rent.
Kim Bo-kyoung zooms in on their efforts to share the burden.
With lower domestic demand and fewer foreign tourists, and unable to export goods abroad,... merchants in Seoul's markets are suffering from the drop of sales.
Some 120 leaseholders rent out their shops in this building,... and around 85-percent of them have decided to share the burden with merchants by cutting rental fees.
"We are cutting our rental fees by 20-percent for 3 months. Leaseholders are suffering too,... but if the damage from COVID-19 continues,... we will consider either cutting or freezing the fee again."
"We still need to pay rent and give our employees paychecks even when our businesses are in trouble. The sales have dropped to almost one-tenth,... and it is soothing that the shopping center is cutting rental fees."
“More and more leaseholders have joined to either cut or freeze rents for small stores. According to Ministry of SMEs and Startups,… more than 30-thousand shops have joined this campaign which is 17 times as many shops as when the campaign began in February."
An owner of a building that focuses on accessories stores has also decided to cut the rental fee.
The leaseholder says he wanted to help the merchants because he has also gone through tough times in the past.
"I started an accessory shop 40 years ago in a very small place, and there were times when I had to run away from creditors. My dream was to have my own shop,... and since I became the owner of the arcade, I wanted to encourage them."
"We mainly rely on exports,... and with no demand from abroad, we are seeing no sales. It was quite comforting that our rental fee was cut at the early stage of this outbreak but we still need help."
Although leaseholders are trying to share some of the merchants' burden, both groups are suffering from this economic downturn, and both hope the situation can improve soon.
KIM Bo-kyoung, Arirang News.
#Leaseholder #rentalfees #Seoulmarkets
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