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Korea to Allow Card Points as Local Currency From May
South Korea will let credit card users convert unused reward points into regional cash vouchers starting May next year, the government announced Friday at a state policy coordination meeting chaired by Prime Minister Han Sung-sook. The plan, reported by Yonhap and other outlets, aims to boost consumption and revitalize traditional markets and small businesses. Users can convert any desired amount of their points and use them the following day, with the service initially covering card points before expanding to public and private sector points. The accumulated unused card points total 2.1 trillion won, according to the Dong-A Ilbo. The Korea Times reports the move is part of efforts to breathe vitality into local economies. The government expects the conversion to help consumers use points that would otherwise sit dormant, while supporting neighborhood commerce.


















