Siheung to offer 5% cashback at 'good-price stores'

Siheung will launch a 5 percent cashback event at its "good-price stores" starting Sept. 14, aiming to ease residents' financial burden amid high prices while boosting local commercial districts and stabilizing prices.

The event will run until its budget is exhausted. Customers who pay at designated good-price stores using Siru, the city's mobile currency, will receive 5 percent of their payment back as cashback.

Good-price stores are businesses designated as models of price stability through a comprehensive evaluation of price, hygiene and service quality conducted jointly by the Ministry of Interior and Safety and local governments. Siheung currently has 68 such designated stores — 54 restaurants, 11 hair and beauty salons, and three others. The full list of good-price stores can be found on the Siheung city government website.

The city expects the event to ease the cost-of-living burden on residents while boosting sales for good-price stores through increased customer traffic, ultimately helping revitalize the local economy.

"We hope this support will lower the price burden residents feel in their daily lives and encourage more use of good-price stores, bringing new vitality to the local commercial district," said Hong Seung-il, head of the city's Economic Affairs Bureau.