- To participate in ‘Nice landlord movement’, reducing rent fees up to 30% for the tenants.
- To make a customized donation to social welfare facilities, medical staff in Daegu-Gyeongbuk, and local markets.


■ Korea Trade Insurance Corporation (K-SURE, www.ksure.or.kr) announced that it is participating in ‘Nice landlord movement’ and supporting social welfare facilities to share the burden of Covid-19 pandemic with the community and take part in government measures to stabilize the livelihood.


■ K-SURE is participating in ‘Nice landlord movement’ to ease the burdens of tenants whose sales have plummeted due to the Covid-19 pandemic.

○ From March to August this year, the rent fee will be cut by 30% for 12 tenants operating businesses in K-SURE’s office building.

○ K-SURE’s decision to reduce rent fee is part of its effort to take a lead in implementing the government’s comprehensive measures to defeat Covid-19. It is expected to be a big help for small and medium-sized businesses in need.


■ Also, K-SURE made a customized donation for social welfare facilities around the nation and medical staff in Daegu-Gyeongbuk to minimize Covid-19 impact and reach out for medical staff there.

○ To help neighbors who have difficulties in purchasing sanitary and quarantine goods, K-SURE donated a total of KRW 34 million to social welfare facilities that have sisterhood relationship with K-SURE’s 17 domestic branches, including the Elderly Welfare Center in Gyeryong-si, Southern part of Choongcheong province.

○ Another KRW 20 million was donated to the National Disaster Relief Association* to deliver health products such as red ginseng and vitamins to medial staff in Daegu-Gyeongbuk.

* The association is a private relief organization founded in 1961. For fifty years of disaster relief activities, it has accumulated KRW 1.4 trillion of donation and delivered 30 million of relief items.


■ In order to help traditional local markets, which are having even harder time when consumers are avoiding face-to-face contact, K-SURE decided to help build the website of Inwang Market, the local market having sisterhood relationship with K-SURE.

○ K-SURE is working on a contract of service worth KRW 10 million to help Inwang Market open an online sales channel.


■ Mr. Inho Lee, Chairman and President of K-SURE, said, “We will give our all to help Korea overcome this pandemic. To make that happen, we have been coming up with the appropriate policy supporting and looking for various ways to co-prosper.

* Starting from the 2nd of May, K-SURE has been implementing the ‘International Trade Insurance Emergency Support Plan’, which includes liquidity support and premium discounts. It aims to minimize Covid-19 impact on export companies.