Cheongsong-gun, Change in Exchange Period for Cheongsong Love Currency

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Yushin] Cheongsong-gun, Gyeongbuk announced on the 15th that it will change the exchange targets and periods for the 'Cheongsong Love Currency,' which has been in full circulation since the beginning of this year.

Cheongsong-gun issued 8 billion KRW worth of Cheongsong Love Currency starting sales on the 1st, aiming to prevent cash outflow outside the region and to stimulate the local economy through increased consumer spending.

However, due to concerns that the long exchange period hindered smooth cash flow for business owners and small merchants, the exchange targets and periods will be revised.

Purchasing limits for Cheongsong Love Currency remain the same: individuals can buy up to 500,000 KRW per month, local businesses up to 10 million KRW per month, and large businesses can purchase up to 50 million KRW per month upon submission of sales proof.

Yoon Kyung-hee, the mayor of Cheongsong-gun, stated, "We will continue to actively reflect residents' opinions and make improvements so that Cheongsong Love Currency can revitalize the local economy."

This content was produced with the assistance of AI translation services.