Gimpo City Selected for Ministry of the Interior and Safety Special Support... Secures 533 Million Won in National Funding

Selected for the Ministry of the Interior and Safety's "Special National Subsidy Support for Local Currency Issuance Project"
Gimpo Pay's Operational Performance and Swift Budget Execution Highly Praised

Gimpo City in Gyeonggi Province has been selected as a recipient of the Ministry of the Interior and Safety's "2025 Local Currency Issuance Project Special National Subsidy Support," securing a total of 533 million won in full national funding.

A view of Gimpo City Hall. Provided by Gimpo City

This special support was awarded as an incentive to 33 local governments out of 243 nationwide that demonstrated outstanding performance in fund execution. Gimpo City received high marks for its management of the local currency "Gimpo Pay" and its swift budget execution capabilities.

This cashback initiative is a follow-up project to the 5% Gimpo Pay cashback event held during the "Korea Grand Festival" from October 29 to November 9.

Gimpo City successfully concluded the Gimpo Pay cashback support event in conjunction with the Korea Grand Festival, which contributed significantly to revitalizing local consumption and restoring commercial districts. Building on this achievement, the city will use the additional 533 million won in national funding to operate the "Pay with Gimpo Pay! Get 5% Cashback!" program from November 17 to December 31.

Under this program, users will receive a 5% cashback on the amount paid using their own recharged funds via Gimpo Pay. Each citizen can receive benefits of up to 20,000 won per month. However, policy payments such as policy allowances, incentives, and livelihood recovery consumption coupons are excluded from the eligible payment amounts. The cashback can be freely used at Gimpo Pay affiliated merchants, and until November 30, it can also be used at stores that accept livelihood recovery consumption coupons.

Gimpo City expects that this cashback event will invigorate the local commercial sector during the year-end season and help restore consumer confidence, which has been dampened by the economic downturn.

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