Vice Minister Ki Jae: "Dining Coupons Use Resumes from the 15th... 90% of National Support Fund to be Paid within This Month"

26th Vice Ministers' Meeting on Prices
"Card Cashback Starting from October Purchases"

Lee Eok-won, First Vice Minister of the Ministry of Economy and Finance, delivers a welcoming speech at the "31st Innovation Growth Strategy Review Meeting, COVID-19 Policy Review Meeting, Korean New Deal Review Task Force Meeting, and 26th Price-Related Vice Ministers Meeting" held on the 10th at the Government Seoul Office in Gwanghwamun, Seoul. (Photo by Ministry of Economy and Finance)

[Sejong=Asia Economy Reporter Moon Chaeseok] The government announced that it will resume issuing non-face-to-face dining consumption coupons starting from the 15th, two months after they were suspended. The government also plans to accelerate budget execution to achieve 90% support for the Win-Win National Support Fund within this month.

Lee Eokwon, First Vice Minister of the Ministry of Economy and Finance, said at the '26th Price-Related Vice Ministers' Meeting' held at the Government Seoul Office in Gwanghwamun, Seoul on the 10th, "Starting next Wednesday (the 15th), the use of non-face-to-face dining coupons, which was suspended in July, will be resumed."

The coupon issuance will resume for consumers who order food worth more than 20,000 won four times through delivery applications, providing 10,000 won in cash refunds. This measure aims to mitigate the impact on Chuseok consumption caused by the fourth wave of COVID-19 ahead of the Chuseok holiday. Vice Minister Lee explained, "Despite the severe COVID-19 situation, the coupon use is being resumed to minimize domestic demand contraction and support the public's voluntary social distancing."

He also mentioned the status and plans of the 'COVID-19 Damage Support Win-Win 3-Package' policies, including the National Support Fund and the Win-Win Consumption Support Fund.

First, he announced that as of midnight the previous day, 39.3 trillion won of the budget has been distributed to 15.71 million people since the National Support Fund payments began on the 6th. This accounts for 35.7% of the budget execution.

The Win-Win Consumption Support Fund will be implemented from next month's consumption through a card cashback system. Consumers whose monthly card usage exceeds the average monthly usage in the second quarter by more than 3% will receive 10% cashback on the excess amount in the following month's card payment. He said, "Considering the quarantine situation, related ministries are currently discussing the specific details and application procedures to enable implementation from next month's consumption."

Regarding the Small Business Hope Recovery Fund, as of 6 p.m. the previous day, 38.5 trillion won has been paid to 1.758 million people. This is 92% of the 42 trillion won budget, achieving the goal of '90% payment before Chuseok' for now.

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