Yongin City Increases Local Currency Benefits for Chuseok

Temporary Increase in Recharge Limits and Incentives for September
Incentives Raised from 6% to 10%, Recharge Limits from 300,000 to 500,000 Won

Yongin City in Gyeonggi Province is increasing the incentives and recharge limits for its local currency, 'Yongin Y-Pay,' ahead of Chuseok.

The city announced on the 31st that from September 1 to 30, the incentive for Yongin Y-Pay will be raised by 4 percentage points from the existing 6% to 10%, and the recharge limit eligible for incentives will be increased from 300,000 won to 500,000 won.

Accordingly, if a consumer recharges 500,000 won on Yongin Y-Pay, they will receive an additional 50,000 won benefit at 10%, allowing them to use 550,000 won. The incentive limit is 50,000 won. Previously, the recharge limit eligible for incentives was 300,000 won, and the incentive rate was 6%, resulting in a benefit of 18,000 won.

A city official explained, “To increase consumer benefits for Chuseok and boost sales for local small business owners, we have raised the recharge limit and incentives.”

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