Osan City Extends Validity Period of Osaek Jeon Incentives Until March Next Year

[Suwon Ilbo=Reporter Park Chan-hyuk] Following its selection as an "excellent local government in regional currency operation" by the Ministry of the Interior and Safety, Osan City announced on the 17th that it will extend the validity period of Osaek Jeon payment incentives from December 31 to March 31 next year.

The city explained that this measure is an adjustment to enable citizens to fully utilize the benefits they have received.

The city has secured 675 million won in government funds and will implement an "excellent local government special event" that adds an additional 5% when paying with Osaek Jeon from the 17th through December 31. With this extension of the validity period, citizens will now be able to use incentives over a more generous timeframe.

The city anticipates that this measure will generate approximately 13.5 billion won in issuance and consumption effects within the region, which is expected to help improve sales for small business owners and facilitate regional economic circulation.

In particular, since this selection as an excellent local government is an achievement made through citizens' consistent participation, the extension of the validity period is expected to enhance convenience in using incentives and have a positive impact on local commercial districts.

Mayor Lee Gwon-jae stated, "Osaek Jeon is an important policy tool that drives regional economic vitality and recovery of small business owners," adding, "We will continue to improve the system so that citizens can fully enjoy the benefits, and we will create positive changes in the regional economy together with our citizens."