Launch of Seodaemun Love Gift Certificate to Boost Local Economy Vitality

10% Special Discount for Launch and 'Seodaemun-gu Gives' Prize Event

[Asia Economy Reporter Jong-il Park] Seodaemun-gu (Mayor Moon Seok-jin) will issue Seodaemun Love Gift Certificates, which are only valid within Seodaemun-gu, worth 5 billion KRW to increase sales for local small business owners and revitalize the local economy.

Consumers can purchase 10,000 KRW, 50,000 KRW, and 100,000 KRW denominations starting from the 17th of this month through a total of nine applications including CheckPay, MoneyTree, BizPlay, NongHyup, Gwangju Bank, Jeonbuk Bank, Gyeongnam Bank, Busan Bank, and Daegu Bank.

The purchase limit is 500,000 KRW per person per month, and the validity period is within 5 years from issuance.

The district office will actively promote the Seodaemun Love Gift Certificates to consumers through initial discounts, events, and briefing sessions.

A special 10% discount will be offered until the Lunar New Year holiday and until 20% of the issued amount is sold, followed by a permanent 7% discount, which is expected to help household finances.

The district will also hold a prize event called “Seodaemun-gu Gives” to celebrate the launch of the Seodaemun Love Gift Certificates. Those who purchase the certificates by the 28th of next month will be automatically entered into a drawing to win 3.75 grams of pure gold and a total of 1 million KRW worth of Seodaemun Love Gift Certificates.

Additionally, from the 23rd of this month to the 2nd of next month, those who visit the Seodaemun-gu Office Facebook page and leave comments or share posts will be entered into a drawing to receive coffee gifticons.

The Seodaemun Love Gift Certificates can be used at ZeroPay affiliated stores located in Seodaemun-gu, such as general restaurants, academies, gas stations, convenience stores, and furniture stores. However, they cannot be used at department stores, large marts, karaoke bars, gambling game establishments, or online malls.

Furthermore, Seodaemun-gu will conduct “visiting briefing sessions” to guide ZeroPay affiliation for small business owners in alley markets if three or more apply by next month.

Moon Seok-jin, Mayor of Seodaemun-gu, stated, “We expect the Seodaemun Love Gift Certificates to promote a virtuous cycle of consumption within the region and help revitalize the local economy.”

For more details about the gift certificates, please refer to the Seodaemun-gu website or contact the Seodaemun-gu Office Job and Economy Division (330-1918) or the Korea Simple Payment Promotion Agency (1670-0582).

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