Osan City Provides Additional 10% Incentives for Lunar New Year Gift Card Campaign

[Suwon Ilbo=Reporter Park Chan-hyuk] Osan City announced on the 14th that it will conduct an "Osekjeon Additional Incentive Event" to revitalize the local economy and ease the financial burden on citizens in anticipation of the Lunar New Year holiday.

This policy was designed based on the successful outcome of the early January Osekjeon incentive event, which received enthusiastic response from citizens and exhausted its budget in just two days.

The additional event will be provided for 12 days from January 20 to 31, with the same 10% incentive rate applied as in early January. The purchase limit is 500,000 won, and the maximum incentive available is up to 50,000 won. However, the event may end early if the budget is exhausted.

However, citizens who already received the full 50,000 won incentive in the early January event cannot receive additional benefits, and those who only partially charged can receive benefits only within their remaining limit. In other words, citizens who received 20,000 won in incentives in early January can receive up to an additional 30,000 won in benefits in this additional event.

The city has allocated a total budget of 1.111 billion won for local currency incentive payments in January. Of this, 370 million won is newly secured budget ahead of the Lunar New Year holiday, allocated to maximize the policy's effectiveness. With the additional budget secured, Osan City's January Osekjeon issuance is expected to reach 11 billion won.

The Osekjeon incentive event held in early January exhausted the 370 million won budget in just two days amid high citizen interest, benefiting approximately 7,400 people. This revitalized local commerce and received positive responses from small business owners and citizens.

Osan City Mayor Lee Gwon-jae stated, "Thanks to citizens' enthusiastic interest, we are implementing this additional event," and added, "I hope citizens will spend a warm and abundant holiday through this policy, and will continue to actively promote various policies to revitalize the local economy."