Use Department Store and Credit Card Points in the 'Golmok Sangwon' Neighborhood Businesses

Agreement with Hyundai Department Store, S-OIL, Shinhan Bank, and Others
Card Points and Mileage Can Be Converted to Seoul Pay Points
Available at 270,000 Small Business Franchise Stores in Seoul

From now on, department store, gas station, and credit card points and mileage can be converted into Seoul Pay Plus points and used in local small businesses.

Seoul City announced on the 2nd that starting from the end of February, it will officially implement 'Companion Mileage,' which allows mileage and points issued by private companies and previously usable only at their own or affiliated companies to be converted into Seoul Pay Plus (+) points for use.

This is part of the Small Business Support Project announced by Seoul City at the end of last year. Four companies are participating in 'Companion Mileage': Hyundai Department Store, S-OIL, Shinhan Bank, and Shinhan Card. Currently, the total mileage operated by these four companies amounts to 1.7 trillion KRW. Even if only 10% of this is converted into 'Companion Mileage,' it would have the effect of issuing approximately 170 billion KRW worth of Seoul Love Gift Certificates without additional budget input.

Yonhap News

Seoul City expects that this system will benefit both citizens and small business owners. Consumers can integrate private mileage, which was previously difficult to use due to being dispersed in small amounts by company, into 'Companion Mileage' within the Seoul Pay Plus app and use it at about 270,000 small business franchise stores. Small business franchise stores can accept 'Companion Mileage' as a payment method with zero payment fees, thereby enjoying a real increase in sales.

Earlier, to operate and promote the use of 'Companion Mileage,' Seoul City signed a 'Seoul City Companion Mileage Participation Business Agreement' on the 31st of last month with Hyundai Department Store, S-OIL, Shinhan Bank, and Shinhan Card. The agreement includes support for the operation of the mileage conversion system, expansion of payment locations, promotion, and overall administration, while participating companies will promote the activation of converting private mileage into 'Companion Mileage' and publicize it to users.

Song Ho-jae, Director of the Seoul City Livelihood and Labor Bureau, said, "This Companion Mileage system allows citizens to use private mileage, which was difficult to utilize, at small business franchise stores to support their sales." He added, "We will continuously improve and expand this win-win policy that increases small business sales and provides convenience to consumers."

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