Gyeonggi Province Launches 'Multi-Child Preferential Card' for Families with Three or More Children

A multi-child preferential card that significantly reduces childbirth, childcare, and education expenses for families with three or more children has been launched.

Gyeonggi Province held a signing ceremony for the 'Gyeonggi i-Plus Card' on the 28th at the Gyeonggi Small and Medium Business Comprehensive Support Center in Ui-dong, Suwon, with Governor Moon Soo Kim, officials from BC Card, and affiliated merchants in attendance.

Issued by Nonghyup BC Card, the card is in partnership with 17 merchants including Maeil Dairies, Namyang Dairies, Morning Glory, Woori Bank, Kookmin Bank, National Agricultural Cooperative Federation, Industrial Bank of Korea, Gyeonggi Provincial Academy Association, Woongjin Thinkbig, AEF, Gyeonggi Cultural Center, Il-Gong-Gong-Il Eyewear and Contact Lenses, P&J, Kyobo Bookstore, Boryung BioPharma, and Korea Health Management Association.

Multi-child preferential cardholders can purchase infant formula and baby food at 10~25% discounts, and preferential interest rates of 0.1~1.3% annually apply to bank loans and savings accounts.

Additionally, approximately 400 academies registered as affiliated merchants among those belonging to the Gyeonggi Provincial Academy Association offer tuition discounts of up to 40%.

Other benefits include 10~15% discounts on eyewear purchases, 20% on entertainment tickets, 30% on childbirth and childcare products, 30% on health checkups, 1,500 won discounts at theaters, 50% discounts at major amusement parks, and 80 won accumulated per liter at gas stations.

The card is available to families with three or more children whose youngest child was born after January 1999, or families expecting their third child. Currently, approximately 125,000 households are estimated to qualify for the card. The province estimates that families making full use of the card will receive approximately 4 million won in annual benefits.