Card payments at traditional markets will receive a 10% refund… Benefits of the Companion Festival are increasing.

MSS Signs Agreement with Nine Credit Card Companies
Offers Discounts and Rebates on Card Payments
Targeting Century-old Stores, Traditional Markets, and Small Business Vendors, ‘[By Edaily Reporter Kim Kyung-eun] During the Donghaeng Festival, consumers will receive a 10% rebate (cashback) or a discount of up to 10,000 KRW when using card payments at traditional markets and small business vendors.’,
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, ‘The Ministry of SMEs and Startups (MSS) signed an agreement with nine domestic credit card companies on the 10th to promote the usage of small business vendors and traditional markets.’,
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, ‘The signing ceremony, which took place at the lecture hall of the Credit Finance Association in Jung-gu, Seoul, was attended by Minister Oh Young-joo of the MSS, Financial Supervisory Service Governor Lee Bok-hyun, Credit Finance Association Chairman Jung Wan-kyu, along with representatives from nine credit card companies including Lotte, BC, Samsung, Shinhan, Woori, Hana, Hyundai, KB Kookmin, and NH Nonghyup.’,
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, ‘Last April, the MSS signed a tripartite agreement with BC Card and NH Nonghyup Card, and this new agreement aims to expand consumer benefits during the Donghaeng Festival.’,
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, ‘The Donghaeng Festival is held to expand market channels for SMEs and invigorate domestic consumption, taking place four times this year in March, May, September, and December. From the 1st to the 28th of this month, the online-focused “Precursory Donghaeng Festival” is underway. Lotte Card and KB Kookmin Card participate from this festival while the other card companies will join in the festivals starting in March.’,
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, ‘Through this agreement, nine domestic credit card companies will offer a 10% discount (cashback) or a discount of up to 10,000 KRW when using their cards at century-old stores, traditional markets, and small business vendors. Additional benefits include cashback when using affiliated Onnuri gift certificate stores, prize draw benefits, in-house mall discount promotions, and various promotional initiatives to encourage use.’,
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, ‘The card industry is also launching new specialized cards or marketing promotions to boost spending in traditional markets. BC, Hana, KB Kookmin, and NH Nonghyup Card will release new cards in May that offer up to 10% points and cashback benefits when used in traditional markets. Lotte, Samsung, Hyundai, Shinhan, Woori, and NH Nonghyup Cards will provide an additional 10% discount when their cards are used at traditional markets.’,
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, ‘The Financial Supervisory Service will support smooth coordination among agreement institutions. The Credit Finance Association will provide marketing support, performance management, and promotional support to ensure the successful implementation of the agreement.’,
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, ‘Minister Oh stated, “In a situation of prolonged domestic market sluggishness, we hope this agreement will revitalize traditional markets and local businesses,” adding, “We will continue to expand various consumer-promotion programs in collaboration with the private sector to ensure that both consumers and small businesses benefit during the Donghaeng Festival.”’,
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, ‘The Financial Supervisory Service Governor said, “We hope the support from card companies provides substantial aid to small business owners and traditional market vendors during difficult economic times,” expressing the expectation for the card industry and local merchants to grow together through this agreement.’,
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, ‘The Credit Finance Association Chairman expressed, “We hope for the activation of small business and traditional market usage and more fulfilling consumer benefits,” adding, “The card industry will strive to fulfill its social responsibilities amidst challenging conditions.”’,
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