Business · Economy · 21 hrs ago
Taebaek’s Local Currency Spending Reached 10.1 Billion Won in September
People spent 10.137 billion won using Tantanpay, Taebaek’s local currency, in September.
Taebaek is a city in Gangwon Province, South Korea.
The total was 23.3% higher than in August and 29.7% higher than in October last year, when Chuseok fell.
Before the holiday, the city raised the Tantanpay incentive from 20% to 25% and set a monthly spending limit of 500,000 won.
More than 80% of September spending went to everyday businesses such as restaurants, food shops and retailers.
From January through September, spending with Tantanpay reached about 72.1 billion won.
In October, the city plans to offer a 20% incentive, with the same monthly limit, and link it to festival discounts and extra rewards at some local shops.
Taebaek’s local currency, Tantan Pay, recorded 10.137 billion won in spending in September.
That was 23.3% higher than in August and 29.7% higher than in October last year, which included the Chuseok holiday.
The city said September spending rose as holiday demand coincided with increased incentives.
More than 80% of September spending was at restaurants and food and retail businesses.
Taebaek plans to offer a 20% incentive in October, with a monthly spending limit of 500,000 won.
- Who
- Taebaek City and users of its local currency, Tantan Pay.
- What
- Tantan Pay spending reached 10.137 billion won in September.
- When
- September; the city announced the figure on October 11, 2026.
- Where
- Taebaek, Gangwon Province, South Korea.
- Why
- The city attributed the increase to holiday spending demand and expanded incentives.
This story does not have two clearly opposing sides.
We will expand the environment so citizens and visitors can spend economically in Taebaek.
We will ensure local spending leads to increased sales for small businesses and neighborhood commercial areas.
Cumulative Tantan Pay spending reached about 72.1 billion won.
Spending reached 10.137 billion won, while the city offered a 25% incentive and set a monthly limit of 500,000 won.
The city plans to offer a 20% incentive with a monthly limit of 500,000 won.
- September spending
- 10.137 billion won
- Increase from August
- 23.3%
- September incentive
- 25%
- Monthly spending limit
- 500,000 won
- January–September cumulative spending
- About 72.1 billion won
Sources
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