Yongin City Raises Lunar New Year YonginPay Charging Incentive to 10% for February

[Suwon Ilbo=Reporter Choi Ki-ho] Yongin Special City announced on the 30th that it will raise the charging incentive for YonginPay, a local currency, from 6% to 10% for the month of February ahead of the Lunar New Year holiday to stabilize personal finances and revitalize the local economy.

The monthly charging limit for receiving incentives has also been increased from 250,000 won to 300,000 won, meaning users can spend a total of 330,000 won when charging 300,000 won.

While the incentive charging limit is 300,000 won, users may charge and use amounts beyond this limit.

YonginPay can be used at approximately 26,000 affiliated merchants including restaurants, hospitals, and private academies with annual sales of up to 1 billion won. For clinics, medical offices, pharmacies, postpartum care centers, and Yongin Central Market, stores with sales up to 3 billion won are approved as affiliated merchants.

Affiliated merchants can be confirmed through the Gyeonggi Regional Currency app or the Yongin City website.

A city official said, "As spending increases during the Lunar New Year holiday, we decided to raise the incentive to 10% to provide abundant benefits to citizens and help small business owners increase sales," adding "We hope this Lunar New Year becomes a season that revitalizes the local economy through the use of YonginPay."