Prime Minister of Korea: “2.1 trillion won worth of unused card points can be converted to local currency”

In the future, it will be possible to convert unused credit card points into local currency.

Prime Minister Han Seong-sook announced this in her opening remarks at the 17th National Policy Coordination Meeting held at the Seoul Government Complex on the morning of the 13th.

Prime Minister Han said, "At the Cabinet meeting at the end of June, the President ordered to review ways to convert various unused and dormant points into local currency. We will allow card points with a cumulative balance of about 2.1 trillion won to be converted into local currency."

He then promised, "We will provide a conversion service from May next year by linking the computer systems of credit card companies, Korea Financial Telecommunications and Clearings Institutes, and local currency operators. Going forward, we will expand participation to various points in the public and private sectors to increase people's spending power and do our best to revitalize local alley commercial districts."

At the meeting on this day, ‘plans to promote an integrated elementary care brand’ were also discussed.

Accordingly, the government will improve government 24's 'Whole Neighborhood Care' integrated window so that people can search for necessary services, apply, and check results all at once.

In addition, the documents required to apply for the service will be simplified and care information will be provided through the interactive public service 'AI National Secretary'.

Prime Minister Han promised, "We will first start integrated services starting in December. If you let us know of any inconveniences or areas that require improvement, we will actively reflect these in the integrated system and develop them into more convenient services."

At the meeting, a government-wide joint response plan for the international aviation safety assessment, which will be held in December, was also discussed.

Prime Minister Han said, "It is important to obtain good results in the evaluation, but we must use this (assessment) as an opportunity to inspect the safety of the people as a top priority," and ordered, "I hope you will do your best to establish an aviation safety system that meets international standards, from systems and personnel to operations, accident investigation and follow-up measures."

At the meeting, the results of the selection of excellent proposals from the public contest for regulatory rationalization were also reported.

Proposals such as 'first measure and then report' to protect cultural heritage and allowing accident victims and others to view and preserve CCTV footage were selected as excellent examples.