Gapyeong County Expands ‘Gapyeong GP Pay’ Benefits: Monthly Limit Raised to 1 Million Won, 12% Incentive

5% Additional Cashback for Purchases at Good Price Stores
Promoting Increased Sales for Small Businesses and Local Price Stability

The Gapyeong County government in Gyeonggi Province is significantly expanding the charging benefits of its local currency, “Gapyeong GP Pay,” ahead of the year-end in order to boost local consumption and strengthen support for small business owners. The initiative aims to reduce the financial burden on residents coping with high inflation and revitalize the sluggish local economy.

Aerial view of Gapyeong County Office. Provided by Gapyeong County

On September 29, Gapyeong County announced that from October through December, it will increase the monthly charging limit for Gapyeong GP Pay and simultaneously run a cashback support program for customers using "Good Price Stores".

From October 1 to December 31, the monthly charging limit for Gapyeong GP Pay will be raised from the current 600,000 won to 1,000,000 won, until the allocated budget is exhausted.

During this period, an incentive rate of 12% will be offered. If a user charges 1,000,000 won per month, an additional 120,000 won will be provided, allowing for a total usage of 1,120,000 won each month. Over three months, users can receive up to 360,000 won in incentives, providing meaningful support especially for residents and visitors with high year-end spending.

Separate cashback benefits will also be available to encourage the use of Good Price Stores. From October 6 to December 31, customers who pay at these stores with Gapyeong GP Pay can receive 5% of the purchase amount back as cashback.

The county government aims to offer additional benefits to consumers and achieve multiple effects such as boosting sales for Good Price Stores and helping stabilize local prices by encouraging the use of these reasonably priced establishments.

A Gapyeong County official said, "We have enhanced Gapyeong GP Pay benefits to promote consumption at the end of the year and alleviate economic burdens on residents," adding, "We encourage all residents to actively participate and use the service, so that spending within the region can flow back to small businesses and establish a virtuous cycle in the local economy."

This content was produced with the assistance of AI translation services.