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February 29, 2020

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Rents, commissions lowered as virus rages through economy
Rents, commissions lowered as virus rages through economy
As the economy in Korea shoulders headwinds from weakened consumer sentiment due to the coronavirus spread, a number of companies and building owners are coming up with self-rescue measures to help prop up the ecosystem. 　Telecom giant KT announced Thursday it will reduce three months’ rent for self-employed business owners at its buildings across the nation, which it believes will cost it 2.4 billion won ($1.97 million). 　KT said it wished to take on the social responsibility of sharin
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