Osan Expands Incentives for Osaegjeon Local Currency

[Suwon Ilbo=Park Chan-hyuk] Osan is launching local economic policies that citizens can feel directly.

The city announced on the 29th that starting in June, it will expand the regular incentive rate for local currency 'Osaegjeon' from the existing 6% to 10%, and adjust the monthly recharge limit so more citizens can enjoy practical benefits.

This incentive expansion will be implemented for seven months in the second half of the year from June through December, with support provided from the 1st of each month until the budget is exhausted. Incentives are automatically provided upon recharge, and once the monthly budget is exhausted, it ends for that month only, with incentives reapplied starting the first day of the following month.

Night Market Festival Gets '12% Cashback' Surprise Event

During the 12th Night Market Festival running from June 5-7, a special event will offer 12% of the payment amount as instant cashback when paying with Osaegjeon. This is expected to be good news for both citizens and local merchants, offering the joy of the festival along with practical consumption benefits.

The event applies to all Osaegjeon affiliated stores throughout Osan, with a maximum cashback of 12,000 won per person. The provided cashback can be confirmed through the Gyeonggi Local Currency app, will terminate early if funds are exhausted, and automatically expires if unused within three months.

In other words, if you recharge 300,000 won to Osaegjeon during June, you can receive up to 30,000 won in incentives, and during the Night Market Festival period, you can receive 12% of your payment amount as cashback, allowing individuals to enjoy up to 42,000 won in total benefits if all benefits are utilized.

The city plans to create a virtuous cycle structure where regional festivals and consumption support each other through the expanded Osaegjeon incentives and limited-time festival event, and through this, invigorate the overall local commercial sector.

Benefits for Both Local Businesses and Citizens

Local currency incentives aim to encourage use of affiliated stores within the region and ensure consumption circulates within the local community.

The city expects the incentive expansion to provide practical benefits to citizens and a stable consumption base for local businesses.

Mayor Lee Kwon-jae stated, "Osaegjeon local currency is more than just a consumption tool—it is a key policy instrument revitalizing the local economy," and added, "Through this incentive expansion, I hope to provide citizens with practical benefits and small business owners with opportunities to recover sales."