Mokpo Sarang Gift Certificates on Sale from the 13th... 10% Special Discount for Lunar New Year

2020 Issuance Scale of 10 Billion KRW, Regular 6% Discount Sale
Alley Commercial Districts, Pivotal Role in Securing Competitiveness of Self-Employed and Revitalizing Local Economy

Mokpo City Hall (Photo by Mokpo City)

[Asia Economy Honam Reporting Headquarters Reporter Jeong Hyeong-seok] Mokpo City (Mayor Kim Jong-sik) announced on the 8th that the Mokpo Love Gift Certificate, which sold out 10 billion KRW in just three months after its launch last September and revitalized the local economy, will be on sale again starting from the 13th.

The issuance scale of the 2020 Mokpo Love Gift Certificate, which begins sales this year, is 10 billion KRW. From the 13th to the 31st, it will be sold at a special 10% discount for the Lunar New Year holiday, and from February, it will be sold at a 6% discount.

In particular, starting this year, to evenly spread the benefits of the Mokpo Love Gift Certificate to citizens, the 5,000 KRW denomination has been eliminated, and it will be issued in three types: 3,000 KRW, 10,000 KRW, and 50,000 KRW. Additionally, the monthly purchase limit per person has been lowered from 700,000 KRW to 500,000 KRW.

Also, the amount of merchant exchange is limited to 10 million KRW per month, and it can be adjusted upward upon submission of monthly sales evidence documents to prevent indiscriminate large-scale exchanges.

The Mokpo Love Gift Certificate can be purchased with cash and an ID card at 50 financial institutions including local Nonghyup, Gwangju Bank, Saemaeul Geumgo, and Shinhan Credit Cooperative.

It can be used at about 5,000 various affiliated stores within the Mokpo area such as restaurants, marts, gas stations, beauty salons, wholesale and retail businesses, lodging facilities, and traditional markets. When using 70% or more of the stated amount, balance refunds are possible.

Going forward, the city plans to increase affiliated stores to more than 10,000 and also promote the issuance of card-type Mokpo Love Gift Certificates to enhance convenience in purchasing and using the certificates.

Meanwhile, the Mokpo Love Gift Certificate is issued by Mokpo City and can only be used within the city. It plays a significant role in revitalizing the local economy by preventing the outflow of local funds, securing competitiveness of alley markets and small business owners.

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