'Gangneung Pay' Limit Raised to 600,000 Won... Temporary in December

Up to 60,000 KRW Cashback for Recharging 600,000 KRW

Photo by Kim Hyunmin

[Asia Economy Reporter Ra Young-cheol] Gangneung City will raise the 'Gangneung Pay' limit to 600,000 won for the entire month of December to revitalize the local economy, which had been stagnant due to the phased recovery of daily life, and to promote consumption in neighborhood commercial districts.

According to the city on the 30th, previously, when charging 150,000 won, a cashback of up to 15,000 won was given, but with the increase in the limit this time, charging 600,000 won allows a maximum cashback of 60,000 won. The program will end early if the budget is exhausted.

Gangneung Pay was launched last year, issuing a total of 310 billion won, and as of November, the general issuance amount exceeded 108.3 billion won. Card registrations reached 155,000, and the number of subscribers was 146,000.