Suwon to Distribute Second Round of Suwon Pay Lunar New Year Incentive at 20%

[Suwon Ilbo=Reporter Jung Jun-sung] Suwon Metropolitan City announced on the 15th that it will distribute the second round of Suwon Pay January incentives starting at 9 a.m. on the 24th. The charging limit is 500,000 won, and a 20% incentive will be provided until the budget is exhausted.

The city expanded the Suwon Pay incentive, which was previously provided at a 6-7% rate, to 10% starting this year. The charging limit, which was 300,000 won, was increased to 500,000 won, and the incentive was expanded to 20% in January and October, which feature the Lunar New Year and Chuseok holidays respectively.

After the January incentive (20%) was exhausted at around 1 p.m. on January 1st due to budget depletion, Suwon City prepared a second distribution for citizens who were unable to receive the incentive benefit.

Those who charged 500,000 won on January 1st and received a 100,000 won incentive cannot receive additional incentives during the second distribution. On January 1st, 115,780 residents charged their Suwon Pay and received the incentive.

A city official stated, "The incentive was exhausted on New Year's Day due to positive response from residents," and added, "We decided to provide additional incentives with the hope that more citizens will participate in revitalizing the local economy." The official further remarked, "We hope residents will use Suwon Pay to shop at neighborhood businesses and enjoy a bountiful Lunar New Year celebration."