Daejeon City to Cut Public Asset Rental Fees by Up to 60%...Reductions Capped at 30 Million Won

Support for Small Businesses and SMEs
One-Year Extension of Reduced Public Asset Rental Fees

Panoramic View of Daejeon City Hall (Photo by Seokbong Mo)

Daejeon Metropolitan City has decided to extend the period for applying reduced rent on city-owned public assets by one more year, until the end of this year, to support small business owners and SMEs facing difficulties such as decreased sales due to the recent decline in consumption and economic downturn.

The city will reduce public asset rental fees by up to 60%, as in the previous year, and the reduction limit will be increased by 10 million won compared to last year, allowing up to 30 million won in reductions.

Before making this decision, the city held a meeting on February 10, titled “Meeting on Public Asset Rental Fees for Small Business Owners, etc.,” and reflected as much as possible the suggestions from merchants expressing concerns over the tough economic situation.

This measure applies to cases where public assets are directly used by industries operated by small business owners and SMEs, covering rental fees from January to December of this year. Amounts received through the “2026 Support Program for Rental Fees for Micro-Business Owners” are excluded.

Jeon Jaehyun, Director of Administration and Autonomy at Daejeon Metropolitan City, stated, “We hope this measure will help alleviate the management burden on small business owners and SMEs struggling due to the economic downturn,” and added, “Daejeon Metropolitan City will continue to actively implement various support policies for stabilizing the livelihoods of citizens.”

This content was produced with the assistance of AI translation services.