Gwanak Sarang Gift Certificates Up to 20% Discount

Up to 1 Million Won Per Person Monthly, 15% Discount Purchase Expansion and Implementation, 5% Cashback on Payment... Lucky Event for Consumers Spending Over 10,000 Won, Weekly Prize Giveaway to About 50 People

[Asia Economy Reporter Jong-il Park] Gwanak-gu (Mayor Park Jun-hee) is expanding and implementing benefits of the Gwanak Love Gift Certificate to revitalize the local shopping districts that have been depressed due to COVID-19.

The district has extended the monthly discount purchase limit of 1 million KRW per person from the original deadline of April to July, and expanded the discount benefit from 10% to 15%.

Additionally, until the budget is exhausted, a 5% cashback will be provided after gift certificate payment, allowing a maximum refund of 50,000 KRW per person. The participating companies are CheckPay, MoneyTree, and Beeple ZeroPay, and cash will be refunded to the linked account upon gift certificate registration, with the event payout made after it ends.

Moreover, a weekly lucky event will be promoted, planning to award prizes worth a total of 3.5 million KRW per session to about 50 people. Consumers who pay with gift certificates of 10,000 KRW or more will be randomly drawn, with the first prize receiving a prize worth 2 million KRW.

This is intended to encourage rapid consumption promotion by providing benefits not only when purchasing but also when paying with the gift certificates.

The Gwanak Love Gift Certificate is issued in three types of mobile forms: 10,000 KRW, 50,000 KRW, and 100,000 KRW, and can be used at various businesses within Gwanak-gu that are ZeroPay affiliates, such as restaurants, marts, beauty salons, and pharmacies.

Use is prohibited in gambling industries, entertainment, and nightlife businesses. Considering the purpose of introducing the gift certificate to increase sales for small business owners, usage is restricted in large stores, some large corporate affiliates, and franchises.

Also, small business owners have no fee burden as the payment commission is 0% regardless of sales volume, and consumers can receive tax relief benefits such as a 60% income deduction on amounts paid from March to June.

The Gwanak Love Gift Certificate can be purchased by installing mobile gift certificate apps (CheckPay, MoneyTree, BizPlay, NongHyup AllOne Bank, etc.) on a smartphone, registering a payment account, and purchasing the gift certificate at a discounted price.

The usage method is the same as ZeroPay: consumers scan the QR code attached to the affiliated store with their phone app camera, enter the amount, and pay, or show their consumer QR code and have the store scan it to complete the payment.

Mayor Park Jun-hee said, “We hope this helps local small business owners struggling due to the spread of COVID-19,” and added, “By expanding consumer payment benefits, we aim to promote consumption and revitalize the local economy.”

For more detailed information about the Gwanak Love Gift Certificate, please contact the Local Commercial District Revitalization Division or the Korea Simple Payment Promotion Agency.

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