From the 1st of next month until August, for a period of 6 months

[Asia Economy Honam Reporting Headquarters Reporter Kim Young-gyun] Hwasun County, Jeollanam-do (Governor Gu Chung-gon) announced on the 10th that it will lower the discount rate for the sale of Hwasun Love Gift Certificates to 8% from the 1st of next month until August.

However, a 10% discount will be applied during special periods (such as holidays or festivals), and the discount rate after September will be designated separately.

This is a measure in accordance with the guidelines of the Ministry of the Interior and Safety.

The Ministry of the Interior and Safety has mandated that the discount rate for local love gift certificates be kept within 8% to prevent an increase in fraudulent distribution cases caused by excessive profits when cashing out at higher discount rates.

The county started issuing Hwasun Love Gift Certificates in August last year to prevent the outflow of local funds and to revitalize the local commercial district through consumption promotion, and plans to issue Hwasun Love Gift Certificates worth 8.4 billion won this year.

The Hwasun Love Gift Certificates can be purchased and exchanged at 24 local financial institutions acting as agents, including Nonghyup, Chukhyup, Saemaeul Geumgo, Credit Unions, the Forestry Cooperative, and Gwangju Bank.

A county official said, “The change in the discount rate for Hwasun Love Gift Certificates is a measure based on the Ministry of the Interior and Safety’s guidelines and to establish a sound distribution order,” and added, “We ask for the understanding and cooperation of gift certificate users and affiliated merchants.”

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