KakaoBank Begins Recovery Spending Coupon Applications

## Apply for the 'People's Livelihood Recovery Spending Coupon' at KakaoBank and Use It Wisely! The first round of applications for the government's 'People's Livelihood Recovery Spending Coupon', aimed at stimulating consumption and supporting small business owners, will begin on the KakaoBank app from August 21st to September 12th. A basic 150,000 KRW will be provided to all citizens, and don't miss the chance to receive up to 450,000 KRW depending on income bracket and region! **If You're a KakaoBank Check Card Customer, It's Simple!** If you have a KakaoBank check card, you can quickly and easily apply for the People's Livelihood Recovery Spending Coupon on the app. The provided support funds can be conveniently used with all of the applicant's KakaoBank check cards, and when used, it counts towards check card usage, allowing you to enjoy both cashback and income tax deduction benefits simultaneously. Your usage history and remaining balance can be checked in real-time on the KakaoBank app, making it even more convenient. **Special Benefits of KakaoBank Check Cards:** The Friends Check Card accrues 0.2% of domestic and international merchant spending as cashback, with no previous month's spending performance or limit restrictions, and 0.4% accrues on weekends and holidays. Especially this year, additional cashback benefits are provided in everyday life-related sectors such as public transportation (buses, subways, taxis), convenience stores, Daiso, and coffee franchises. You can receive up to 29,000 KRW in cashback per month when meeting the previous month's spending requirements at 11 types of businesses/merchants, including Baedal Minjok, GS25, Coupang, and GS Caltex, so plan even more economical spending with the spending coupon! **Application Schedule and Important Notes:** During the first week of application (August 21st-25th), the 5-day rotation system based on the last digit of the birth year will be applied. * Monday (21st): Last digit of birth year 1, 6 * Tuesday (22nd): Last digit of birth year 2, 7 From August 26th onwards, anyone can apply freely regardless of their birth year. The deadline for the first round of applications is September 12th, so please be sure to apply within the period! **Where Can I Use It?** The People's Livelihood Recovery Spending Coupon can be primarily used at small business establishments with annual sales of 3 billion KRW or less. Please use it at local shops such as traditional markets, neighborhood marts, restaurants, clinics, and academies. However, please note that usage is restricted at department stores, large supermarkets, online shopping malls, delivery apps (non-face-to-face payments), entertainment, and speculative businesses. **Second Round Application and Usage Period:** From September 22nd to October 31st, a second round of applications will proceed, providing an additional 100,000 KRW per person to citizens excluding the top 10% income earners based on health insurance premiums. The spending coupons provided in the first and second rounds must be used by November 30th, and unused amounts will automatically expire, so please use them wisely within the period! Apply for the National Secretary notification in the 'My Documents' section of the KakaoBank app and turn on the 'People's Livelihood Recovery Spending Coupon Guide' notification, and you can receive all necessary information, such as payment amount and application method, during the application period. KakaoBank has implemented all procedures within the app to ensure customers can easily and quickly use the People's Livelihood Recovery Spending Coupon. Check it out now on the KakaoBank app!