Rent discount raised to 50% for small airport shops, 20% for bigger shops

By : Arirang News

Published On: 2020-04-01

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공항 면세점 등 대기업 임대료 6개월간 20%↓…중기는 50%

Additional discounts on rent to help airport duty-free shops and other airport-based businesses will be provided for up to six months.
In a meeting with economy-related ministers,... Finance chief Hong Nam-ki said... the discount for small airport shops and businesses... will be raised from the 25 percent given last month... to 50.
For medium and large-sized airport businesses,... the discount will be 20 percent.
Amid the COVID-19 pandemic, local airports have seen daily passenger numbers dip by more than 90 percent.

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