Osan City Selected as 'Excellent Local Currency Operating Municipality' by Ministry of Interior and Safety...Secures Additional 675 Million Won in State Funds

[Suwon Ilbo=Reporter Park Chan-hyuk] Osan City has been selected as an 'Excellent Local Currency Operating Municipality' in the Ministry of Interior and Safety's local currency operation performance evaluation, achieving results at the forefront of local economic revitalization.

This evaluation was conducted by the Ministry of Interior and Safety targeting local governments nationwide that received state funds. The city earned high scores in key categories including △excellent budget execution rate △expanded issuance amount △operation performance, thereby earning recognition as an excellent municipality.

Accordingly, the city has secured an additional 675 million won in state funds (100% special regional development grant), and will launch the 'Osaek Jeon Incentive Additional Payment' event from the 17th through December 31st. This event provides an additional 5% incentive on the payment amount when using local currency, with a per-person payment limit of 100,000 won. The validity period of the paid incentive is until December 31st this year, and the event will end early if the budget is exhausted.

Citizens can enjoy up to 15% in benefits by combining the existing 10% charging incentive with an additional 5% payment incentive. For example, if a citizen charges and uses one million won in Osaek Jeon, they can receive 150,000 won in benefits, which is expected to create significant tangible effects for citizens.

A city official stated, "This selection as an excellent municipality is a result achieved through active citizen participation and the city's systematic local currency operation," adding "We will continue to improve so that Osaek Jeon can serve as a solid foundation for local economic circulation and support for small merchants."

Mayor Lee Kwon-jae said, "Osaek Jeon is not merely a payment method, but an important axis of urban growth that helps regional capital circulate in a virtuous cycle within the region," and pledged, "Going forward, we will continue to expand tangible benefits that citizens can experience."