94% of Gyeonggi Regional Currency Consumption Subsidy Participants Say "It Was a Good Decision"

[Suwon Ilbo=Reporter Park No-hun] A survey has revealed that 9 out of 10 participants evaluate the consumption subsidy policy (limited-edition regional currency) promoted by Gyeonggi Province positively.

According to an opinion poll conducted by Gyeonggi Province on the 24th of last month targeting 1,000 residents aged 18 and older, 382 respondents were users of Gyeonggi Regional Currency, and 84% of them gave positive evaluations regarding the consumption subsidy. In this context, users refer to individuals who possess and have used a Gyeonggi Regional Currency card in their own name.

The Gyeonggi Regional Currency Consumption Subsidy (limited-edition regional currency) is an economic defense policy by Gyeonggi Province that provides a basic incentive of 20,000 won when 200,000 won is charged, and a consumption subsidy of 30,000 won if 200,000 won is used within two months, totaling 50,000 won in benefits.

Among the 382 regional currency users, 157 participated in the consumption subsidy policy, and 94% of them evaluated the policy positively. Non-users who possessed Gyeonggi Regional Currency but had no usage experience numbered 68, of whom 79% evaluated the consumption subsidy policy favorably. Among 549 residents who did not possess Gyeonggi Regional Currency, 65% also gave positive evaluations.

Gyeonggi Province analyzed that residents who possess Gyeonggi Regional Currency and have actual experience using it welcome the 'consumption subsidy' policy more favorably.

This trend appeared in other questions as well. In the survey, initial awareness of the 'Gyeonggi Regional Currency Consumption Subsidy' was at 52%, but after a brief explanation of the consumption subsidy and asking about participation intentions, 72% answered 'I intend to participate.' In contrast, 83% of those who have used Gyeonggi Regional Currency expressed willingness to participate, confirming that those with usage experience show higher customer loyalty.

Ryu Kwang-yeol, Director of the Economic Affairs Bureau of Gyeonggi Province, stated, "This survey confirms that residents who have used the consumption subsidy evaluate it favorably," adding "We will strengthen promotion so more residents can use it, and we will make efforts to help small businesses affected by COVID-19."

If you have not yet received the consumption subsidy, you can receive the subsidy on the 26th if you use 200,000 won by the 17th. The 30,000 won consumption subsidy must be used within one month of receipt.

This survey was conducted by Gyeonggi Province through K-Stat Research Inc., a polling agency, on the 24th of last month using telephone survey methods targeting 1,000 residents aged 18 and older. The confidence level is 95% with a margin of error of ±3.1 percentage points.