Shinhyup "31 Million Won Worth of Prizes and Cashback to Revitalize Local Economy"

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea announced on the 4th that it will hold the 'Eobuba Todak Todak Check Card Event' worth a total of 31 million KRW from the 5th to October 15th to revitalize the local economy, which has been stagnant due to the prolonged COVID-19 pandemic.

The credit union planned this event to help overcome the COVID-19 crisis by promoting consumption through the event, providing economic support to small business owners, and offering various benefits to consumers.

The event is conducted in three categories tailored to consumers' preferences: ▲ Age group event ▲ Local tax payment cashback event ▲ Combined age group + local tax event, with all taxes and fees on the prizes borne by the credit union.

The age group event targets individual members who have accumulated payments of 500,000 KRW or more during the period, divided into three groups: ▲ under 30 ▲ 30 to under 50 ▲ 50 and above. Up to 234 winners, 78 per age group, will be drawn by lottery, and winners will receive prizes worth a total of 14.4 million KRW, including electric kickboards, Tromm dryers, and LG TVs.

The local tax payment event targets individual and corporate members who have paid local taxes (provincial tax, city/county tax, property tax) with the credit union check card, even if only 1 KRW, regardless of the amount. Up to 200 winners will be drawn, each receiving 50,000 KRW cashback, totaling 10 million KRW.

The combined age group and local tax event will draw 6 winners from users whose total check card usage amount and local tax payment amount sum to 1.5 million KRW or more, awarding prizes worth a total of 6.4 million KRW, including stylers, cordless vacuum cleaners, and luxury wallets.

The event automatically enters participants who make payments or pay local taxes with the credit union check card during the period, and multiple winnings are possible. Winners will be announced in mid-November on the credit union website and notified individually.

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