Gyeongju City Launches Card-Type Gift Certificate 'Gyeongju Pay'... 10% Cashback on Payments

COVID-19 Shock Leads to Advancing Original July Schedule by About One Month

Senior officials of Gyeongju City Hall are seen holding a demonstration of the 'Gyeongju Pay' mobile app on the 15th.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] Gyeongju City, Gyeongsangbuk-do announced on the 15th that it will launch a card-type gift certificate called 'Gyeongju Pay' to promote consumption and prevent the outflow of local funds. Starting with the release of the mobile app on the same day, from the 22nd, on-site issuance will be available at NongHyup and Daegu Bank for citizens who find mobile use inconvenient.

'Gyeongju Pay' will be issued this year with a scale of 20 billion KRW to support small business owners and self-employed individuals struggling due to the economic downturn. The monthly recharge limit is 1 million KRW, and 10% of the payment amount will be given back as cashback until the end of the year.

The rechargeable card-type 'Gyeongju Pay' can be used at any store within the region equipped with credit card terminals. However, large supermarkets, quasi-large stores, entertainment bars, and gambling establishments are excluded.

Gyeongju City held a ceremony to unveil the Gyeongju Pay model and demonstrate the app installation on the 15th, coinciding with the expanded executive meeting, with the intention of encouraging public officials to take the lead in using it.

Mayor Joo Nak-young said, "Although 'Gyeongju Pay' was originally scheduled to be issued in July, we moved up the release date to revive the local economy, which has rapidly declined due to COVID-19," and added, "I hope many people use 'Gyeongju Pay' so that it can provide practical support to small business owners and become the start of a mutually prosperous economy."

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