Gwangmyeong City Offers Up to 70,000 Won in Cashback Benefits with Gwangmyeong Love Currency Incentives in Year of the Horse

[Suwon Ilbo=Reporter Yu Je-seong] Gwangmyeong City is continuing to provide Gwangmyeong Love Currency benefits to inject fresh momentum into the local economy as the city welcomes the Year of the Horse.

The city announced on the 31st that it will provide 10% incentive and 5% cashback benefits for Gwangmyeong Love Currency in January 2026.

Accordingly, those who charge up to 700,000 won will receive an additional 70,000 won, allowing them to use a total of 770,000 won, and those who pay with local currency will receive a 5% refund on their payment amount.

However, incentives and policy allowances are excluded from cashback eligibility, and the provided cashback must be used by February 28, 2026. The cashback payment limit is 70,000 won.

Mayor Park Seung-won said, "Gwangmyeong Love Currency stands at the center of a virtuous cycle where citizens' consumption leads to small business sales, which in turn creates vitality in the local economy," adding "In the new year, we will strengthen neighborhood commerce with Gwangmyeong Love Currency and do our utmost to achieve economic recovery that all residents can feel."

Meanwhile, as of the end of 2025, Gwangmyeong Love Currency users numbered approximately 286,000, representing 97.7% of Gwangmyeong City's population.

In particular, the proportion of residents choosing Gwangmyeong Love Currency as the payment method for livelihood recovery consumption vouchers exceeded 50% in both the first round (54.3%) and second round (55.7%), recording figures close to double the Gyeonggi Province average (first round 22.2%, second round 23.5%). This is interpreted as indicating that Gwangmyeong Love Currency has established itself as a representative payment method in citizens' daily lives.