Altteul Transportation Card Expands Benefits for Low-Income Groups... Up to 110,000 KRW Annual Additional Savings
Number of Accepted Card Companies Increased from 6 to 11
[Asia Economy Reporter Cha Wanyong] The Metropolitan Transportation Committee of the Ministry of Land, Infrastructure and Transport announced on the 22nd that it will expand the benefits of the Altteul Transportation Card and increase the number of participating card companies to reduce the transportation cost burden on low-income groups.
Starting in March, the accumulated amount for low-income users of the Altteul Transportation Card will be further increased, allowing for an additional annual saving of up to 110,000 KRW. Additionally, from July, the monthly limit on the number of accumulation times, currently capped at 44, will be raised to 60, enabling users to receive up to an additional 26,000 KRW in benefits per month.
The number of participating card companies, which had been limited to six including Shinhan, Hana, Woori, T-money, Roca, and DGB, will expand to a total of 11 with new participants such as Samsung, Hyundai, Kookmin, Nonghyup, and BC.
Furthermore, convenience will be greatly improved by automating the address verification process at initial registration, eliminating the inconvenience of having to submit documents such as resident registration certificates directly, making it easier and more convenient for anyone to use.
The Altteul Transportation Card system provides up to 20% of the distance usually traveled by walking or cycling as public transportation mileage, and card companies offer about a 10% discount.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Won Heeryong, Minister of Land, Infrastructure and Transport, said, “It is fortunate that the Altteul Transportation Card can help alleviate the public’s burden even slightly amid the ongoing high inflation period caused by increases in public utility fees and other factors, which are gradually increasing the burden on people’s lives. Since almost all domestic card companies are participating, its significance is very great.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
