HiteJinro Joins Good Landlord Movement... Full Rent Waiver for 4 Months

Nationwide 17 Small Business Rental Locations Rent-Free for 4 Months Starting March

[Asia Economy Reporter Lee Seon-ae] HiteJinro has decided to actively participate in the nationwide expanding 'Good Landlord Movement.'

On the 9th, HiteJinro announced that it will waive rent to share the difficulties of small business owners struggling due to the spread of the novel coronavirus infection (COVID-19).

Accordingly, HiteJinro will fully waive rent for four months from March to June for 17 locations in Seoul, Busan, Gangwon, and Jeonju, which it owns and leases to small business owners.

Earlier, to overcome the COVID-19 crisis, HiteJinro prioritized support for Daegu and Gyeongbuk regions, designated as special management zones, by providing quarantine supplies such as masks and hand sanitizers, bottled water, and Black Barley, and donated a total of 1.2 billion KRW including funds for prevention and damage recovery.

CEO Kim said, “Due to the rapidly deteriorating consumer economy caused by the COVID-19 crisis, many small business owners nationwide are struggling with their operations, so we decided to join the Good Landlord Movement to offer even a little help. HiteJinro will spare no effort in providing multifaceted support so that the local communities and small business owners suffering from COVID-19 can overcome these difficulties together.”