Paju City Raises Paju Pay Recharge Limit to 1 Million Won for Chuseok in October

Paju City in Gyeonggi Province will raise the recharge limit for Paju Pay to a maximum of 1 million won for one month, from October 1 to 31, in celebration of Chuseok. This initiative aims to reduce citizens' living expenses and invigorate the local economy.

Paju City Increases Paju Pay Recharge Limit to 1 Million Won for Chuseok Holiday. Provided by Paju City

Normally, users can recharge up to 700,000 won per month and receive a 10% incentive. However, during the Chuseok period, the recharge limit will be increased to 1 million won while maintaining the 10% incentive.

With this adjustment, recharging 1 million won will grant an additional 100,000 won, allowing users to spend a total of 1.1 million won. This is expected to help reduce household financial burdens during the holiday, boost sales for small businesses, and promote the circulation of funds within the region.

Paju Pay cards can be issued and recharged via the Gyeonggi Local Currency app or at NongHyup Bank, with users also eligible for income tax deductions. The service is accepted at over 16,000 affiliated merchants in Paju, including restaurants, beauty salons, hospitals, and academies, and can also be used on Gyeonggi Province's delivery app, Baedal Teukgeup.

Paju Mayor Kim Kyoungil stated, "We expect that increasing the Paju Pay recharge limit will help ease living expenses for our citizens and revitalize the local economy. I wish everyone a joyful Chuseok holiday with family and neighbors, and Paju City will continue to do its best to implement policies that benefit both citizens and the local economy."

Paju City is leading the way in revitalizing the local economy by issuing the largest amount of local currency in the nation. The cumulative number of Paju Pay members stands at 430,000, accounting for 80% of the city's total population, and users can receive up to 930,000 won in annual incentives. Through the third supplementary budget, the city has allocated an additional 16.9 billion won to further expand the issuance and benefits of Paju Pay, and continues to make efforts to strengthen these initiatives.

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