KT Launches Local Currency-Linked Delivery Service 'Ulsan Pedal'... Offering 3,000 Won Coupons

[Asia Economy Reporter Seulgina Jo] KT announced that starting from the 22nd, it will launch ‘UlsanPedal,’ a local delivery service utilizing the Ulsan Pay regional currency in Ulsan Metropolitan City.

According to KT on the 21st, UlsanPedal was selected as the name from over 5,000 entries submitted in last month’s Ulsan Pay delivery service naming contest, based on suitability, popularity, and originality, through evaluation by a professional judging panel.

The UlsanPedal service allows one-stop ordering, payment, and delivery requests through the Ulsan Pay application and can be used immediately after charging Ulsan Pay. To commemorate the launch of UlsanPedal, KT plans to provide a 3,000 KRW coupon up to five times per person to the first 10,000 users on a first-come, first-served basis.

Additionally, most fees such as brokerage, external payment, service subscription, and server usage fees, which small business owners feel burdened by when using other existing delivery apps, will be waived, reducing delivery service cost burdens for small business owners. Merchant registration can be applied for at the UlsanPedal merchant application site (regist.ubpay.com/ktpay/first), and for further inquiries, call 1588-1903.

To celebrate the launch of UlsanPedal, KT will support small business owners and vulnerable groups struggling due to COVID-19 in collaboration with Korea East-West Power. Korea East-West Power plans to provide dining support funds worth 50 million KRW via Ulsan Pay. KT explained that this is an example showing that regional currency can be used not only for simple purchases but also for various social contribution activities.

Meanwhile, the promotional video contest held alongside the Ulsan Pay delivery service naming contest is open for participation until the 31st. Anyone can upload a promotional video on their preferred platform such as YouTube or SNS and apply through the Ulsan Pay site (ulsanpay.net). After evaluation, the first prize winner will receive 2 million KRW in Ulsan Pay, the second prize 500,000 KRW, and the third prize 300,000 KRW, with Starbucks coffee coupons awarded by lottery.

Kim Jongcheol, Head of KT Blockchain Business Center (Executive Director), said, “We are pleased to increase the utilization of Ulsan Pay through the launch of UlsanPedal, linked with Ulsan Pay’s direct payment function in cooperation with Ulsan City,” adding, “We will continue to consider ways to revitalize the local economy and coexist with local residents through KT’s digital platform capabilities based on Good Pay.”

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