Korea Minting and Security Printing Corporation Launches Integrated Management Service for Local Gift Certificates... Increased Transparency and Convenience in Distribution

Diagram of Gift Certificate Integrated Management Service. Provided by Korea Minting and Security Printing Corporation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korea Minting and Security Printing Corporation (KOMSCO) is enhancing transparency and convenience in the distribution process through a service that integrates the management of gift certificates issued by region.

KOMSCO announced on the 5th that it will officially launch a service that centrally manages local governments' 'Local Love Gift Certificates' related tasks.

The integrated management service operates in connection with KOMSCO's Local Love Gift Certificate smartphone app 'Chak' to provide transparent distribution management functions for procedures such as manufacturing, sales, and redemption of gift certificates.

KOMSCO explained that by using this service, management comparable to public services like issuing resident registration cards and passports becomes possible, significantly enhancing security and reliability.

Additionally, the mutual linkage between paper (physical) Local Love Gift Certificates and mobile Local Love Gift Certificates increases convenience for both users and suppliers, and highlights the advantage of effectively managing welfare allowances and youth allowances provided by local governments.

Following a pilot service last year, KOMSCO recently began commercial integrated management services in six local governments including Gunsan, Siheung, and Seongnam, and plans to expand the related services to more than 15 local governments in the first half of this year.

KOMSCO President Cho Yong-man stated, “By providing the integrated management service, KOMSCO will not only play a role in simply manufacturing and supplying Local Love Gift Certificates but also in suppressing fraudulent distribution of the certificates.”

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