"Save the People's Livelihood Economy"... Suwon City to Raise Next Year's Local Currency Incentive Discount Rate by 10%

Gyeonggi Suwon City will increase the incentive discount rate for 'Suwon Pay' next year from the previous 6% to 10% to revitalize the local economy, and will also expand the recharge limit from 300,000 won to 500,000 won. In particular, during holidays such as Seol and Chuseok, the incentive discount rate is planned to be raised to 20%.

On the 12th, Suwon Mayor Lee Jae-jun held an 'Emergency Countermeasure Meeting for Communication on Urgent Livelihood Economy Issues' with Suwon City Council Chairman Lee Jae-sik, Vice Chairman Kim Jeong-ryeol, standing committee chairpersons, and other council members at his office to discuss livelihood economy issues.

On the 12th, Lee Jae-jun, Mayor of Suwon, held an "Emergency Countermeasure Meeting for Urgent Communication on Livelihood Economy Issues" in his office with Lee Jae-sik, Chairman of the Suwon City Council, Kim Jeong-ryeol, Vice Chairman, and standing committee chairpersons to discuss urgent livelihood economy issues. Photo by Suwon City.

Suwon City and the Suwon City Council agreed to actively cooperate to expand the incentive discount rate for the local currency, Suwon Pay.

Mayor Lee Jae-jun stated, "Due to recent political and social instability, the local economy as a whole is facing a crisis," and added, "To overcome this crisis and revitalize the livelihood economy, we will continue to communicate and cooperate with the council."

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