Nowon-gu Issues 3 Billion Won Worth of Mobile Nowon Sarang Gift Certificates to Support Small Business Owners

Mobile Nowon Sarang Gift Certificates Usable at Zero Pay Merchants in Nowon-gu... 10% Discounted Price to Commemorate Gift Certificate Issuance

[Asia Economy Reporter Jongil Park] Nowon-gu (Mayor Oh Seung-rok) is issuing the ‘Nowon Love Gift Certificate’ to promote business stability for small business owners struggling due to the aftermath of COVID-19 and the economic downturn.

The ‘Nowon Love Gift Certificate’ is a regional mobile gift certificate usable at Zero Pay affiliated stores located in Nowon-gu, with a total issuance of 3 billion KRW. It is available in three denominations: 10,000 KRW, 50,000 KRW, and 100,000 KRW, with a purchase limit of up to 1 million KRW per person per month.

To commemorate the issuance, the district will offer a special discount sale at 10% off until 600 million KRW, which is 20% of the total issuance, is sold out. After that, a basic discount rate of 7% will apply.

Gift certificates can be purchased using a smartphone mobile app. Users can install one of the dedicated gift certificate apps such as ▲Kukon CheckPay ▲MoneyTree ▲BizPlay ▲NongHyup AllOne Bank ▲Gyeongnam Bank ToYou Bank ▲Busan Bank Some Bank ▲Daegu Bank IM Shop ▲Gwangju Bank Personal Banking ▲Jeonbuk Bank New Smart Banking, complete identity verification, and register a payment account to use.

Using the gift certificate follows the same payment method as Zero Pay. Users can scan the QR code of a Zero Pay affiliated store through a smartphone simple payment app, enter the amount, and make the payment, or present the QR code generated on the smartphone to the store, where the store’s reader scans the QR code to complete the payment.

The gift certificates can be used at about 7,000 Zero Pay affiliated stores in Nowon-gu, including academies, restaurants, pharmacies, convenience stores, and more. The list of affiliated stores can be checked on the Zero Pay website (www.zeropay.or.kr). However, to promote local economic revitalization such as increasing sales for small business owners, the gift certificates cannot be used at large discount marts like E-mart and Lotte Mart, or in luxury and entertainment industries.

Additionally, residents using the gift certificates will receive a 30% income deduction benefit during year-end tax settlement, and small business owners who are affiliated stores will be fully exempt from payment fees.

The district signed an agreement with the sales agency ‘Korea Easy Payment Promotion Agency’ on the 10th to issue the Nowon Love Gift Certificate.

Oh Seung-rok, Mayor of Nowon-gu, said, “I hope that the issuance of the Nowon Love Gift Certificate will help not only promote consumption but also increase sales for small business owners,” and added, “We will continue to seek various support measures to contribute to the revitalization of the local economy.”

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