Hwaseong Special City Adjusts Local Currency Monthly Purchase Limit to 500,000 Won

[Suwon Ilbo=Reporter Jung Jun-sung] Hwaseong Special City announced that starting August 1st, it will adjust the individual monthly incentive application purchase limit for Hope Hwaseong local currency, which has been operated for local economic revitalization, from the existing 1 million won to 500,000 won.

The incentive will maintain 10% of the purchase amount as before. Accordingly, with a 500,000 won deposit, citizens can receive up to 50,000 won in incentive.

The city explained that it adjusted the purchase limit to alleviate the situation where applications concentrate at the moment charging begins due to decreased national and provincial subsidy support and increased local currency users, causing incentive budgets to be exhausted in a short time, allowing more residents to benefit.