Military Mutual Aid Association Joins Good Landlord Movement... Considering Entry into New Mask Business

[Asia Economy Reporter Minji Lee] The Military Mutual Aid Association announced on the 9th that it will join the good rent reduction campaign to help alleviate the business difficulties caused by the spread of the novel coronavirus infection (COVID-19). Additionally, the association plans to enter a new mask business for military personnel.

Kim Do-ho, Chairman of the Military Mutual Aid Association (left), is visiting the Armed Forces Medical Command on the 9th to deliver consolation money for soldiers dedicated to blocking COVID-19.

The Military Mutual Aid Association plans to reduce rents for small business owners in Daegu Miso City, wedding halls, and other tenants, including its main office building. The rent for stores in the office building will be reduced by 20-30% for three months, and the rent for stores located in Miso City, Gyesan-dong, Daegu, owned by the association, will be reduced by 20-30% until the end of the year. M Plus Wedding Hall is also considering rent reductions.

Business operators will receive temporary rent reductions starting from the March billing period. The Military Mutual Aid Association explained, "Although a decrease in rental income is expected due to the rent reduction, we have decided to implement it as a measure of sharing the burden."

The Military Mutual Aid Association visited the Armed Forces Medical Command and delivered consolation money to the soldiers at the Armed Forces Daegu Hospital who are working hard on-site to support the treatment of COVID-19 confirmed patients.

Furthermore, the Military Mutual Aid Association plans to produce masks to ensure a stable supply for military personnel. M Plus F&C, a corporation under the association, has recently been reviewing the production of health and fine dust masks with partner companies and intends to proactively pursue this new business due to the COVID-19 situation.

Kim Do-ho, chairman of the Military Mutual Aid Association, said, "In the situation where COVID-19 is spreading nationwide, I sincerely thank the medical support personnel, including military doctors and nursing officers, who are fighting on the front lines to protect the lives and safety of the people." He added, "Although it is a difficult and challenging situation, we will unite all our capabilities to wisely overcome the current crisis."