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Card points to become local currency from May

South Korea will allow credit card users to convert unused reward points into regional cash vouchers starting next May, the government announced Friday. The plan, reported at a national policy coordination meeting chaired by Prime Minister Han Sung-sook, targets about 2.1 trillion won in dormant card points, which can then be spent at traditional markets and small businesses. The service will first cover card points, with plans to expand to public and private sector points later, Yonhap and Chosun Ilbo report. Users can convert any desired amount and use it from the next day. The Korea Times notes the move aims to boost consumption and local economies. Korean media frame this as a way to put "sleeping" points to use, with the prime minister saying it will bring vitality to alleyway commerce. The KOSPI fell 0.98 percent Friday to close at 5,290.53, snapping a two-day rally amid Nvidia leadership concerns, while the KOSDAQ rose 3.13 points, according to KBS World.

  1. Conversion of credit card points to cash vouchers to be allowed starting May Korea Times · 2026-11-13
  2. Conversion of credit card points to cash vouchers to be allowed starting May Yonhap · 2026-11-13
  3. 신용카드포인트 지역화폐로 전환가능…韓총리 "골목상권에 활력"(종합) 연합뉴스 · 2026-11-13
  4. 잠자는 카드 포인트, 지역화폐로 쓴다 조선일보 · 2026-11-13
  5. 韓총리 "2조1천억 미사용 카드포인트, 지역화폐 전환 가능토록" 연합뉴스 · 2026-11-13
  6. 미사용 카드포인트, 내년 5월부터 지역화폐로 쓸 수 있다 동아일보 · 2026-11-13
  7. KOSPI Down 0.98% Friday KBS World · 2026-11-13

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