The Korean government will resume operation of consumption coupons in November. In November, the government announced that it would allow the use of consumption coupons such as eating out, lodging, tourism, sports, movies, and professional sports in conjunction with the transition to the quarantine system for the 'step-by-step recovery of daily life' (with Corona).
Currently, the Korean economy is only good for exports, and both private consumption and investment are lagging behind. In order to revive domestic demand, the government has decided to release nine types of consumption coupons worth 230 billion won.
Coupons for dining out, performances, and agricultural and fishery products, which could only be used online, can be used offline, and coupons for accommodation, travel, sports, movies, exhibitions, and professional sports, which were completely suspended from the end of last year due to concerns about the spread of Corona, will be resumed.
For the dining out coupon, regardless of online or offline, if you eat food over 20,000 won 3 times with your card, you will get 10,000 won back the 4th time.
For example, if you order food twice through the delivery app and eat out once, you will get 10,000 won back the next time you eat out.
The physical education coupon provides a monthly discount of 30,000 won on the use of indoor sports facilities such as gyms.
Movie and performance coupons reduce the ticket price by 6,000 won and 8,000 won, respectively, and if you book domestic accommodations through an online travel agency, you get a discount of 30,000 won for purchases over 70,000 won and 20,000 won for those under 70,000 won.
However, accommodation coupons are expected to start later than in early November because the operator must be selected.
Along with consumption coupons, tourism revitalization policies such as travel week will be implemented again. The government plans to provide various benefits, including the sale of rail and express bus discount coupons, while operating the ‘2021 Traveling Month’, and to promote linking with events such as local events.
The government expects that the effect of consumption coupons will increase when the Korea Sale Festa, the largest shopping event in Korea, starts on November 1.
Reporter Song Haseong