On the 6th, when the government announces the first payment plan for the recovery consumption coupon, citizens are exploring the stalls at a traditional market in Seoul. /Courtesy of Yonhap News Agency

As the government announced the timing for distributing 'livelihood recovery consumption coupons,' stock prices of local currency-related companies soared.

KONA I, the local currency platform operator, saw its stock trade at 62,400 won at 9:11 a.m. in the KOSDAQ market on the 7th. The stock price increased by 9.09% (5,200 won) from the previous trading day. Other local currency-related companies, including COOCON, WebCash, GalaxiaMoneytree, and URACLE, also experienced rising stock prices.

The government will distribute livelihood recovery consumption coupons amounting to 150,000 to 450,000 won per person starting on the 21st. A subsidy of 100,000 won for 90% of the population will be available from September 22.

Applications can be submitted online or offline to the local government authority corresponding to the registered address from 9 a.m. on the 21st to 6 p.m. on September 12. Recipients can choose to receive the coupons via credit or debit cards, prepaid cards, or local currency gift certificates. Coupons not used by November 30 will automatically expire.

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