'Jeju Regional Currency + Check Card' KB Kookmin Card Launches 'Tamnan Jeon Check Card'

Jeju Special Self-Governing Province Local Currency 'Tamnanjeon' Offers 10% Additional Accumulation Benefits

[Asia Economy Reporter Ki Ha-young] KB Kookmin Card introduced the hybrid check card ‘KB Kookmin Tamnaneunjeon Check Card’ on the 10th, which combines the Jeju Special Self-Governing Province local currency ‘Tamnaneunjeon’ and check card functions into one card.

This card allows users to spend the amount charged through ‘Tamnaneunjeon,’ the mobile application dedicated to the Jeju Special Self-Governing Province local currency, at local currency affiliated stores within Jeju Island, and also make payments as a check card at credit card affiliated stores nationwide.

Additionally, Jeju Special Self-Governing Province offers a 10% additional accumulation benefit on the local currency charged amount, and up to 0.6% of the card payment amount, including the local currency usage amount, is accumulated as KB Kookmin Card points.

This card provides a 10% additional accumulation benefit offered by Jeju Special Self-Governing Province to revitalize the local economy and strengthen the competitiveness of small business owners when charging the local currency ‘Tamnaneunjeon.’ The additional accumulation benefit is provided up to a maximum of 700,000 KRW per month and 5,000,000 KRW per year based on the local currency charged amount.

The charged amount can currently be used at approximately 10,000 local currency affiliated stores within Jeju Island, but usage is restricted in certain sectors such as large supermarkets and gambling-related businesses. If the store is restricted from local currency payment or the local currency charged balance is insufficient for the desired payment amount, the payment will be made by check card instead of local currency.

Furthermore, if the previous month’s usage amount, including the local currency payment amount, is 100,000 KRW or more, 0.2% of the usage amount is accumulated as points without accumulation limit at all domestic affiliated stores. Additionally, if payment is made at ▲restaurants and coffee shops ▲public transportation (bus, subway) and taxis ▲automatic payment of mobile communication fees ▲weekends and holidays (excluding public transportation and automatic mobile communication fee payments), an additional 0.2% of the usage amount is accumulated without accumulation limit.

Card issuance applications can be made at KB Kookmin Bank branches, KB Kookmin Card website, mobile application (app), customer center, and branches.

A KB Kookmin Card official stated, “We plan to continue introducing creative and practical services and products that help revitalize the local economy and support small business owners.”

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