Yangju, a city in Gyeonggi Province, will raise the top-up incentive on its Yangju Love gift vouchers to 10% from 8% ahead of the Chuseok holiday.
The city said on the 25th that it made the decision to ease residents' spending burden and encourage local consumption, aiming to invigorate the regional economy including neighborhood commercial districts.
With the incentive raised to 10%, a resident who tops up 300,000 won ($220) can receive up to 30,000 won ($22) in benefits.
The Yangju Love gift vouchers can be used at about 9,000 merchants across the city, including restaurants, supermarkets and private academies. Available merchants can be found through the app's "Find a Merchant" function or on the Yangju City Hall website.
"We hope the increased incentive on the Yangju Love gift vouchers will ease the household burden on residents heading into the Chuseok holiday and also help local small business owners," Yangju Mayor Jeong Deok-young said.
