26 February 2020 – Offered rent discount to firms on state-owned land

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Ministry of Trade, Industry and Energy announced a 30 percent rent discount over a three-month period for companies in state-run industrial complexes, worth up to 1 million won (US$ 800) per month.

According to the ministry, 600 companies are eligible for the subsidy.
Full details here: http://www.motie.go.kr/motie/ne/presse/press2/bbs/bbsView.do?bbs_seq_n=162708&bbs_cd_n=81&currentPage=111&search_key_n=title_v&cate_n=1&dept_v=&search_val_v=