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April 2020 | Korean Governmental Policy For COVID-19 Crisis (English version)

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Korean Governmental Policy in Response to COVID-19

Insight & Recommendation

Government policies to overcome  economic uncertainty caused by COVID-19 have put strong focus on stabilizing the financial markets. Occupiers should develop strategies to monitor new policies and overcome the current crisis.

  • Tenants of government-owned offices should check for eligibility for rental relief.
  • Tenants are advised in all situations to seek more favorable rental terms while demand is suppressed.
  • We recommend landlords to develop a strategy for rent cuts, considering that more tenants are facing liquidity challenges.
  • Investors need to recognize, be patient, and adjust for potential financing difficulties, and delays in closing ongoing deals.

 


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April 2020 | Korean Governmental Policy For COVID-19 Crisis (English version)

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