Icheon City to Offer Additional 5% Cashback on Local Currency Payments, Up to 20,000 Won per Person

Icheon City to Offer Cashback from Oct. 29 to Nov. 15
Only payments made with self-topped-up funds qualify; program ends when budget is exhausted

Icheon City, Gyeonggi Province, will return 5% of payments made with Icheon Sarang local currency as a consumer support payment (cashback) from October 29 through November 15. The cashback is capped at 20,000 won per person and the program will end early if the budget is exhausted.

Icheon City Offers 5% Cashback on Local Currency for Korea Grand Festival. Photo courtesy of Icheon City.

Icheon City Mayor Seong Suseok said the city will hold the local currency cashback event in conjunction with the 2026 Korea Grand Festival, organized by the Ministry of the Interior and Safety, to promote local spending and help small businesses recover sales.

The city secured 138 million won in national funding for the event. During the event period, users will receive 5% cashback on payments made at any Icheon Sarang local currency merchant using funds they topped up themselves. Payments made using incentive funds or policy support payments are not eligible.

This cashback will be provided separately from the existing 10% top-up incentive and the 10% cashback for payments under the Small Shop Love program. The consumer support payment (cashback) is capped at 20,000 won per person and is valid for three months.

The city expects the event to ease the burden of spending on residents and increase spending within the local area.

Icheon City Mayor Seong Suseok said, "I hope this event will boost local spending and provide an opportunity for small businesses to recover their sales. We will continue to actively pursue local currency policies that residents can feel the benefits of."

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