337.3 Billion Won Paid Out Through Win-Win Payback in October... Average of 60,000 Won Per Person

Card Spending Increase in September and October Exceeds 7 Trillion Won

The Ministry of SMEs and Startups announced on the 17th that a total of 337.3 billion won was paid out in October through the Win-Win Payback program.

The Win-Win Payback program is a scheme that reimburses 20% of the increase in monthly card spending (up to 100,000 won per month) in the form of digital Onnuri gift certificates to citizens aged 19 and older, if their monthly card spending from September to November exceeds their average monthly spending from the previous year. Applications began on September 15, and as of the 14th, a total of 13.16 million people had applied.

Among those who applied by the 9th, 5.62 million people-representing 43.4% of the total eligible recipients (12.95 million)-became eligible for the payback in October by increasing their card spending compared to their average monthly spending from last year. A total of 337.3 billion won was paid to these recipients, with the average amount per person being 60,030 won.

The card spending of payback recipients for September and October was 7.022 trillion won higher than during the same period last year. This amount is 11 times greater than the total payout (643 billion won).

The Ministry of SMEs and Startups believes that, since the Win-Win Payback program only recognizes card spending that excludes purchases at department stores, outlets, large supermarkets, and online shopping malls, the increased spending has contributed to boosting sales for small and micro business owners.

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