Yongin City Conducts Crackdown on Illegal Distribution of 'Yongin Y-Pay'

[Suwon Ilbo=Park No-hun] Yongin City announced on the 22nd that it will conduct a comprehensive crackdown through the 4th of next month to prevent illegal distribution of the local currency 'Yongin Y-Pay.'

The main targets of the crackdown include the act of receiving or exchanging local currency without conducting normal sales activities (commonly known as 'skimming'), using local currency in restricted business categories, refusing local currency payment or treating it unfavorably compared to other payment methods, and other such practices.

The city plans to organize a separate inspection team and conduct intensive crackdowns focusing on merchant establishments suspected of illegal distribution identified through an 'abnormal transaction detection system' that analyzes local currency merchant data, as well as merchant establishments with reported suspicions of illegal distribution.

Merchant establishments where illegal distribution is discovered through the crackdown will be subject to administrative measures such as cancellation of merchant registration and penalty surcharges in accordance with the Local Love Gift Certificate Act.

A city official said, "We will conduct thorough crackdowns to prevent abuse of Yongin Y-Pay, which is issued to revitalize small-scale commercial districts, and establish a sound distribution order."