Finance
South Korea to let consumers convert card points into local currency from May 2027
South Korea will allow consumers to convert credit card reward points into local currency from May 2027 so the funds can be spent at traditional markets and neighbourhood shopping districts. The government aims to raise the use of unused card points worth about 2.1 trillion won and channel spending to local small merchants. The service will start with points that can already be converted into cash and will later expand to public and private sector points.
