Busan Bank Launches 'Dongbaekjeon Card', Busan Local Currency

[Asia Economy Reporter Minyoung Kim] BNK Busan Bank announced on the 12th that it will launch the 'Dongbaekjeon Card,' a local currency card for Busan.

Dongbaekjeon is a prepaid check card issued by Busan City to revitalize the local economy. It can be used at affiliated stores located in Busan, but usage is restricted at large supermarkets, department stores, some franchise direct stores, and online shopping malls.

The city is running an event until the end of this month that gives a 10% cashback on the amount spent using the card.

The Busan Bank Dongbaekjeon Card can be applied for starting from the 13th through mobile banking, internet banking, and the Dongbaekjeon application (app), and can be issued immediately at branches without any fees.

Additional discount benefits are provided on the usage amount when meeting the previous month's performance conditions. Users can receive a 2% discount on amounts spent at traditional markets and a 0.2% discount on amounts over 10,000 KRW spent outside traditional markets.

To commemorate the launch of the Dongbaekjeon Card, Busan Bank is holding an event where the first 1,000 applicants will receive 10,000 KRW, and until July 3rd, 50 card applicants will be selected weekly by lottery to receive 30,000 KRW loaded onto their cards.

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