Politics · South Korea · 1 hr ago
Donghae Pay cashback rises to 15% for 18 days
Donghae City in South Korea will raise Donghae Pay cashback from 10% to 15% for 18 days, starting Oct.
29.
The higher rate is part of the national 2026 Korea Grand Festival, a government-backed effort to encourage consumer spending.
Donghae Pay is a local payment service that returns part of users’ spending as cashback.
During the promotion, spending 500,000 won could earn up to 75,000 won back, compared with 50,000 won at the usual rate.
The city hopes the extra reward will ease residents’ costs and boost sales for small businesses amid high prices and weaker spending.
The additional 5% cashback is funded by the national government, and the offer may end early if its budget runs out.
Donghae City will raise Donghae Pay cashback from 10% to 15% for 18 days, from October 29 to November 15.
The increase is linked to the 2026 Korea Grand Festival, a government-wide effort to encourage consumer spending.
Customers who spend 500,000 won during the period can receive up to 75,000 won in cashback, 25,000 won more than before.
The city said the measure aims to support residents facing high prices and small businesses affected by weaker consumption.
The additional 5% cashback is funded entirely by the national government and may end early if its budget runs out.
- Who
- Donghae City is raising the cashback rate. The measure benefits Donghae Pay users and is intended to support residents and small businesses.
- What
- Donghae Pay cashback will increase from 10% to 15%.
- When
- October 29 to November 15, for 18 days.
- Where
- Donghae, Gangwon Province, South Korea.
- Why
- The city aims to ease the burden of high prices and encourage spending to support small businesses.
This story does not have two clearly opposing sides.
Donghae City announced that the cashback rate would rise for 18 days.
The increased 15% cashback rate is scheduled to apply.
- Cashback rate
- 15%, up from 10%
- Promotion period
- October 29 to November 15, 2026
- Maximum cashback
- 75,000 won for spending 500,000 won
- Additional cashback funding
- 5% funded entirely by the national government
- Early end condition
- Additional cashback may end if the budget is exhausted
1 source
What people are saying
I hope this expansion of cashback will provide practical savings on living costs for residents facing the burden of high prices and an opportunity to increase sales for small business owners.