Daejeon Metropolitan City announced Wednesday it will extend rent relief on city-owned public properties by one year through the end of 2026 to support small business owners and SMEs struggling with declining sales amid weak consumption and economic downturn.
The city plans to maintain the maximum 60% rent reduction rate from last year while increasing the relief cap by 10 million won to 30 million won.
Prior to finalizing the criteria, the city held a public forum on February 10 regarding public property rental fees for small business owners, incorporating feedback from merchants who voiced concerns about difficult business conditions.
The measure applies to rental fees from January through December 2026 for cases where small businesses and SMEs directly use public properties for their operations. Amounts received through the "2026 Small Business Rent Support Program" will be excluded from the relief.
"We hope this measure will help ease the financial burden on small business owners and SMEs struggling with the economic downturn," said Jeon Jae-hyun, Director of the Administrative Affairs Bureau. "Daejeon City will continue to pursue various support policies for economic stability."