Incheon Local Currency 'Sangsaeng Franchise' Open for Regular Recruitment... Up to 17% Cashback
2% Cashback Rewards for Transactions Between Small Business Owners
Incheon City announced on the 23rd that it is continuously recruiting 'Win-Win Franchise Stores' to establish a long-term self-sustaining plan for the Incheon Love Gift Certificate (local currency 'Incheon e-eum').
Win-Win Franchise Stores are Incheon e-eum franchise stores where the store owners voluntarily provide additional win-win cashback (1~5%) to consumers. This project aims to increase cashback benefits for consumers and add new benefits for small business owners to revitalize Incheon e-eum.
For Win-Win Franchise Stores with annual sales of 300 million KRW or less, the cashback is 10%, the same as general franchise stores. However, for Win-Win Franchise Stores exceeding 300 million KRW in sales, consumers can receive 7% cashback, which is 2% more than the 5% benefit of general franchise stores.
Additionally, when adding the cashback provided by the district offices (0%~2%) and the cashback given by Win-Win Franchise Stores to consumers (1%~5%), consumers using Win-Win Franchise Stores can receive cashback benefits ranging from a minimum of 8% to a maximum of 17%. The status of Win-Win Franchise Stores can be checked on the Incheon e-eum app.
Small business owners who join as Win-Win Franchise Stores receive a 'Win-Win Card.' This card allows them to receive 2% cashback on transaction amounts up to 3 million KRW per month when trading among small business owners.
To promote the recruitment of Win-Win Franchise Stores, the city will temporarily provide an additional win-win cashback of 2% of the consumer payment amount, up to a limit of 1 million KRW, for cashback provided by Win-Win Franchise Store owners this year.
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An official from Incheon City stated, "The operation of Win-Win Franchise Stores is expected to enhance the sustainability of the Incheon Love Gift Certificate and strengthen the virtuous cycle function within the local community."
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