Sejong Local Currency 'Yeominjeon' Sells Out 15 Billion Won in 12 Hours

[Asia Economy (Sejong) Reporter Jeong Il-woong] The Sejong local currency Yeominjeon sold out 15 billion KRW worth of this month's issuance within 12 hours.

Sejong City announced on the 2nd that the sales of this month's Yeominjeon issuance were completed between 12:30 AM and 1 PM on the 1st.

The total number of Yeominjeon rechargers this month was 41,668. This accounts for 64.3% of the total 64,837 Yeominjeon cardholders, with an average amount per person estimated at 359,000 KRW.

Previously, the city increased the Yeominjeon issuance scale from 9 billion KRW last month to 15 billion KRW this month. This was in response to citizens' demands for expanding Yeominjeon issuance and to revitalize the local economy, which has been depressed due to the novel coronavirus disease (COVID-19).

Additionally, the city is currently considering further expanding Yeominjeon issuance depending on the scale of national government subsidies. Once the final amount of national support is decided, the city plans to notify citizens of the monthly issuance scale and refund rate for the second half of the year.

On the 2nd, Yeominjeon will also be launched as an NH Nonghyup Yeominjeon gift card. Although the gift card does not offer cashback benefits, the city expects it to be easily used for rewards and prizes by public institutions and companies.

The Yeominjeon gift cards will be issued in denominations of 50,000 KRW and 100,000 KRW and can be purchased at the NH Nonghyup Sejong City Hall branch and Sejong Jochiwon Financial Center counters.

Meanwhile, Yeominjeon was launched on March 3rd and a total of 30 billion KRW has been sold up to last month. The main usage sectors were found to be restaurants, general retail stores (supermarkets, convenience stores, etc.), and healthcare (hospitals, etc.).

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