Issuance of Gangdong Sarang Gift Certificates

Consumers get a 7% ongoing discount, small business owners pay 0% transaction fees... Convenient purchase and use via mobile app, full refund available if unused

[Asia Economy Reporter Jongil Park] Gangdong-gu (Mayor Lee Jeong-hoon) will issue Gangdong Love Gift Certificates starting from the 15th to promote consumption and increase sales for small business owners.

The Gangdong Love Gift Certificate is a local gift certificate usable at Zero Pay affiliated stores within Gangdong-gu. Regardless of residence area, anyone can purchase up to 1 million KRW per person per month. It is issued in three denominations: 10,000 KRW, 50,000 KRW, and 100,000 KRW.

The Gangdong Love Gift Certificate is issued only in mobile gift certificate form to prevent illegal distribution and reduce costs, with a discount sales limit of 10 billion KRW annually.

During the special sales period until the initial 2 billion KRW sales are exhausted, consumers can enjoy a 10% discount. After that, consumers can continuously purchase the gift certificates at a 7% discounted price.

To do this, consumers need to install a dedicated app (one of Money Tree, Beeple, CheckPay, or All One Bank) on their smartphones, complete identity verification, and register a payment account for purchasing gift certificates. After that, gift certificate purchase and usage can be done with a single login.

While paper gift certificates require visiting a bank to purchase, mobile gift certificates can be conveniently purchased anytime via smartphone.

Moreover, if consumers request a refund within 7 days without using the purchased gift certificates, they will receive a full refund. When using the gift certificates, if at least 60% of the face value is used, the remaining balance can be refunded in full. For example, if two 10,000 KRW gift certificates are purchased and 17,000 KRW is used, the remaining 3,000 KRW can be fully refunded.

The Gangdong Love Gift Certificate can be used at most of the approximately 8,500 Zero Pay affiliated stores in the region. However, in line with the purpose of expanding local consumption and increasing small business sales, it cannot be used at large supermarkets, department stores, large corporate affiliates and franchises, gambling establishments, entertainment businesses, etc., even if they are Zero Pay affiliated stores.

Corporations can purchase in bulk without restrictions on the Zero Pay mobile gift certificate site. It can be used in various ways such as appreciation gifts, corporate customer event prizes, and employee rewards according to the company's purpose.

Lee Jeong-hoon, Mayor of Gangdong-gu, said, “I hope many people will actively use the Gangdong Love Gift Certificate, which allows consumers and small business owners to smile together,” and added, “We will continue to do our best to support small business owners and revitalize the local economy.”

For more detailed information about the Gangdong Love Gift Certificate, please contact the Gangdong-gu Office Labor Rights Center (☎3425-8727) or the Korea Easy Payment Promotion Agency Call Center (☎1670-0582).

This content was produced with the assistance of AI translation services.