Boseong-gun Offers 10% Special Discount on Boseong Love Gift Certificates to Overcome COVID-19

Up to 1 Million Won Purchase Per Month for 4 Months

[Asia Economy Honam Reporting Headquarters Reporter Park Yong-chul] Boseong-gun, Jeollanam-do announced on the 24th that it will sell the local currency, 'Boseong Love Gift Certificate,' at a 10% discount for four months starting from the 25th to revitalize the local economy, which has been stagnant due to COVID-19.

For this special discount sale, Boseong-gun issued 2 billion won worth of local currency. Additionally, as a COVID-19 response measure, the Jeonnam-type public interest allowance for farmers and fishermen (5.2 billion won) and temporary livelihood benefits for basic livelihood security recipients (1.6 billion won) will be issued early by the end of March and fully paid within April. At the end of April, support funds for public utility fees for small business owners (600 million won) will also be issued, making a total issuance of local currency worth 8 billion won from March to April.

With nearly 9 billion won worth of local currency circulating in March and April, the county expects this to help revitalize the local economy, including alleyway markets and small business owners, and stimulate consumption that has been depressed due to COVID-19.

During the special discount period (four months), gift certificates can be purchased up to a maximum of 1 million won per month (previously 500,000 won). The regular discount rate has been increased from 5% to 6%.

The 'Boseong Love Gift Certificate' can be purchased at local agricultural and livestock cooperatives (with ID), and minors under 19 years old are not allowed to purchase. Corporations, organizations, and franchise owners are not eligible for the discount. The denominations include the existing 5,000 won, 10,000 won, and 50,000 won notes, with a new 1,000 won note added.

Kim Cheol-woo, the governor of Boseong-gun, said, "With this special discount sale and early payment of policy-issued funds, we hope to support local small business owners whose sales have sharply declined due to COVID-19 and provide some help with their economic difficulties."

Currently, about 500 stores are registered as places of use (franchise stores), and the gift certificates can be used in almost all industries including traditional markets, gas stations, restaurants, bookstores, academies, and pharmacies. At franchise stores with the 'Boseong Love Gift Certificate' designated sticker, the certificates can be used like cash, and if more than 80% of the purchase amount is used, change can be received. Franchise owners can accept the gift certificates like cash without card or registration fees and exchange them at the agricultural cooperative for the face value amount.

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