Incheon Yeonsu-gu, Yeonsu E-eum 'Business Card' Cashback Increased to 10%
[Asia Economy Reporter Park Hyesook] Yeonsu-gu, Incheon, will significantly expand the benefits of the 'Yeonsu E-eum Business Card' for small business owners and self-employed individuals, which is operated separately from the Yeonsu E-eum for general residents, and continue the program until the end of the year.
According to the district, starting from the 14th, when paying with the Yeonsu E-eum Business Card, the cashback benefit will increase from the existing 2% to 10% within a monthly limit of 5 million KRW per business.
Additionally, the cashback benefit area for the business card, which was previously limited to Yeonsu-gu, will be expanded to the entire Incheon city, allowing usage without regional restrictions, such as purchasing ingredients at the Incheon Agricultural Products Wholesale Market (Namdong-gu Namchon-dong).
Since June 29, the district has issued the Yeonsu E-eum Business Card for the first time in Incheon to strengthen direct benefits for small business owners, such as purchasing raw materials, prioritizing distribution of the business cards to about 1,000 affiliated stores within the region, and providing additional benefits.
This expansion of business card benefits is a decision to support local small business owners facing a comprehensive crisis due to the prolonged COVID-19 pandemic, along with an additional 5% cashback at affiliated stores under the Benefits Plus program, which is extended until the end of October.
Accordingly, including the additional cashback from Incheon city, small merchants can receive an additional 10% cashback up to a monthly limit of 5 million KRW per business through the business card, in addition to the Yeonsu E-eum cashback benefit of up to 20% per month within a 500,000 KRW limit, the highest in Incheon.
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Go Nam-seok, Mayor of Yeonsu-gu, stated, "I hope the additional benefits of the Yeonsu E-eum Business Card will help small business owners and self-employed individuals during these difficult times," adding, "We will continue to play a supportive role in protecting the local commercial districts in crisis through ongoing management and support."
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