Daegu City Expands Distribution Points for Local Currency 'Haengbok Pay' with Annual Scale of 800 Billion Won...

Limited Edition Release Commemorating Month of Patriots and Veterans Affairs

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Daegu City announced on the 26th that starting June 1, the distribution locations for the 'Happy Pay' public card will be expanded from the existing DGB Daegu Bank branches to public institutions such as administrative welfare centers to improve convenience for gift certificate users.

In addition, to commemorate June as the Month of Patriots and Veterans, a limited edition of the Daegu Happy Pay public card featuring veterans' images will be released to enhance citizens' interest in Daegu love, history, and veterans.

Daegu Happy Pay, a local love gift certificate issued to revitalize the Daegu regional economy, is a rechargeable prepaid card that offers a 10% discount on recharges every month. When recharging up to 500,000 KRW, a discount of 50,000 KRW is available.

Since its launch in June last year, Daegu Happy Pay has been loved by many citizens and is currently used by approximately 367,000 people. Over the course of one year, a total of about 800 billion KRW has been issued, which is evaluated to have provided great vitality to the lives of local residents and the recovery of the regional economy, which was stagnated due to COVID-19.

Hong Eui-rak, Deputy Mayor for Economic Affairs, stated, "Last year, 300 billion KRW worth of Daegu Happy Pay sold out early within four months, and this year we plan to expand issuance up to 1 trillion KRW," adding, "In the future, to enhance payment convenience and security, we will introduce IC cards and add QR code mobile payment functions to strengthen user convenience."

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