KT announced on the 5th that it would provide long-term rental car discounts for individual business operators using KT's small business products in collaboration with LOTTE Rental.
LOTTE Rental is the largest rental car company in the country, operating 220 branches and 260,000 vehicles. With this partnership, KT's small business customers can utilize all vehicle types from RAY to GV80 and Carnival at reasonable costs. Small business operators preparing to start can benefit from both new car purchasing benefits and cost reduction. The basic discount rate is 3.5%, with an additional 1% discount applied for the first 50 vehicles on a first-come, first-served basis, allowing up to 4.5% (approximately 3.12 million won) in savings. The contract period is from 12 to 60 months, and preferential treatment is provided for contract renewal or extension after contract expiration.
In addition, the monthly rental fee for long-term rentals is recognized as an expense when reporting comprehensive income tax, and value-added tax refunds are possible if using a vehicle with more than nine seats or a compact car, thereby reducing the actual expense burden.
This discount benefit is offered to individual business operators using KT's internet, the Uraatchacha package, high order services, and AI serving robots. Applications can be made after business number verification at the 'Owner's Benefit Zone' on the official KT website.
The collaboration between KT and LOTTE Rental is significant as it expands long-term rental car benefits, which were previously focused on individual and large business sites, to small businesses. KT expects that this will allow small business owners across the country to enjoy more extensive benefits.
Kang Yi-hwan, Deputy Minister of KT's Small Business Division, noted, 'KT provides various solutions such as high order services, AI serving robots, and the Uraatchacha package to support small business operators in managing their stores,' adding, 'We will continue to expand benefits for small businesses.'