Issuance of 5 Billion Won Scale 'Dongdaemun-gu Sarang Gift Certificates'

Sales Start from the 17th... Permanent 7% Discount on Purchase Amount... Available on ZeroPay Mobile App... Up to 500,000 KRW per Person per Month

[Asia Economy Reporter Jong-il Park] Dongdaemun-gu (Mayor You Deok-yeol) will sell the ‘Dongdaemun-gu Love Gift Certificate’ starting from the 17th to revitalize the local economy through consumption promotion.

The newly issued ‘Dongdaemun-gu Love Gift Certificate’ amounts to a total of 5 billion KRW. To prevent illegal distribution and reduce operating costs, three types of gift certificates with face values of 10,000 KRW, 50,000 KRW, and 100,000 KRW will be issued in mobile form.

They can only be purchased and used through Zero Pay mobile applications (such as Kukon Check Pay, Moneytree, Bizplay, Nonghyup All One Bank, etc.). After downloading the application on a smartphone, users must complete identity verification and link (register) a payment account for purchasing the gift certificates.

Consumers can purchase the gift certificates at a 10% discount until a total of 30 billion KRW is spent across all autonomous districts of Seoul, and after that, they can purchase them at a permanent 7% discount. The maximum monthly purchase amount per person is 500,000 KRW.

Unused gift certificates can be fully refunded if a refund request is made within 7 days of purchase, and if more than 60% of the gift certificate’s face value has been used, the remaining balance can be refunded.

The ‘Dongdaemun-gu Love Gift Certificate’ can only be used at about 7,800 Zero Pay affiliated stores within the Dongdaemun-gu area. However, usage is restricted at some large affiliated stores such as large supermarkets, department stores, and businesses related to entertainment, luxury, and gambling that significantly violate public morals.

You Deok-yeol, Mayor of Dongdaemun-gu, stated, “The Dongdaemun-gu Love Gift Certificate will greatly contribute to promoting consumption within the region and increasing sales for local small business owners,” and added, “We will continue to implement various policies to further revitalize the local economy.”

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