President Lee: "Tens of Trillions of Won in Unused Points Should Be Converted to Local Currency"

President Lee Jae-myung stated, "When people make card payments or sign up for shopping memberships, they accumulate so-called points, and many of these points remain unused," adding, "I would like to push for a plan to convert these various points into local currency."

President Lee made these remarks during a Cabinet meeting and emergency economic review meeting he presided over at the Blue House today (the 30th), noting, "This may seem like a minor issue, but it is not an easy task, which is why I am bringing it up."

He specifically pointed out, "It is said that there are tens of trillions of won in points that are either unknown to the users, unusable due to certain circumstances, or simply lying dormant."

He added, "To accelerate the recovery of private consumption, we need additional measures to boost spending, and it is essential to make efforts to increase the utilization of local currency, which is highly effective in revitalizing traditional markets and local commercial districts," and continued, "I am mentioning this because it is one possible resource available in this regard."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.