Sejong City Improves Operation Plan Including Reduction of ‘Yeominjeon’ Limit and Expansion of Issuance Amount

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City is set to improve the operation plan by reducing the limit of the local currency 'Yeominjeon' and promoting an increase in issuance volume.

On the 8th, the city announced that starting next month, the monthly purchase limit per individual for Yeominjeon will be reduced from 1 million won to 500,000 won. The reduction in the purchase limit is based on the judgment that opportunities to recharge Yeominjeon are decreasing as buyers crowd into the limited issuance volume.

In fact, the 20 billion won issuance volume of Yeominjeon for this month was fully exhausted as of the 1st. It is reported that more than 10,000 people gathered at 9 a.m., when recharging started, resulting in long waiting times.

Accordingly, starting next month, the city plans to reduce the Yeominjeon purchase limit while requesting KT, the operator of the Yeominjeon app, to expand server capacity to shorten waiting times for recharging.

The city is also in consultation with the Ministry of the Interior and Safety to increase the annual issuance scale of Yeominjeon from the current 150 billion won to 255 billion won. Additionally, the city plans to enhance usability by issuing a specialized card that combines Yeominjeon with student IDs.

Lee Chun-hee, Mayor of Sejong City, said, "There have been continuous opinions regarding inconveniences during the use of the Yeominjeon app and the need to adjust the purchase limit per person," adding, "The city plans to reflect these voices and strive to improve Yeominjeon operation plans such as reducing the purchase limit, expanding app server capacity, and increasing the issuance limit."

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