Daejeon City’s ‘Ontong Daejeon’ Surpasses 200 Billion Won... 5 Billion Won Used Daily on Average

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 15th that the issuance amount of the local currency 'Ontong Daejeon' has exceeded 200 billion KRW as of the 9th.

In particular, the city explained that the issuance scale is showing a steep upward trend, considering that the maximum daily issuance amount in the past two months was 13.4 billion KRW and the total issuance amount of Ontong Daejeon last year was around 900 billion KRW.

The city has secured 90.4 billion KRW in national funds for the issuance of Ontong Daejeon this year and aims to issue 1.3 trillion KRW throughout the year.

To this end, the city plans to continuously discover and promote projects utilizing Ontong Daejeon, such as Ontong Daejeon Mall, delivery platforms, and Ontong Sale.

As of this month, the total number of Ontong Daejeon app subscribers is about 515,000, and from last month to early this month, new app subscribers have been increasing by about 800 per day on average, indicating that virtuous consumption through local currency is taking place in the local economy, the city expects.

Ko Hyun-deok, Director of the City’s Job and Economy Bureau, said, “We plan to discover and promote policy enhancement projects linked to Ontong Daejeon so that citizens can feel the effects,” adding, “The city will strive to establish Ontong Daejeon as a win-win platform for the local economy.”

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