South Korea’s stimulus coupons spark retail divide


The restrictions are proving to be yet another challenge for large retailers. — The Korea Herald

SEOUL: South Korea’s one-time cash grants – part of a 31.8 trillion won supplementary budget that will provide every South Korean citizen with at least 150,000 won starting July 21 – are not as free as they seem.

They come with strings attached, as they are only allowed for use at small businesses, traditional markets and mom-and-pop stores with annual revenue below three billion won.

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