Issuance of Gwangjin Love Gift Certificates... 15% Discount and 10% Payback

Purchase available at a 15% discount until budget exhaustion, then a permanent 7% discount... Promoting a 10% payback event and expanding income deduction up to 60%

[Asia Economy Reporter Jongil Park] Gwangjin-gu (Mayor Kim Seon-gap) has issued the ‘Gwangjin Love Gift Certificate’ to revive the local economy, which has been stagnant due to the prolonged COVID-19 pandemic, and to promote consumption.

The ‘Gwangjin Love Gift Certificate’ is a mobile gift certificate that can be easily purchased by installing payment apps such as Beeple Zero Pay, Check Pay, and Money Tree, and can be used at Zero Pay affiliated stores within the region.

The gift certificates come in three denominations: 10,000 won, 50,000 won, and 100,000 won, and anyone can purchase up to 1 million won per month regardless of their place of residence.

Additionally, a 15% discount benefit is available until the total issuance budget of 50 billion won by Seoul City is exhausted, and even after the special sales period, the certificates can be purchased at a constant 7% discounted price.

Along with this, the district is conducting a payback event to promote the use of the Gwangjin Love Gift Certificate, where if the total usage amount exceeds 100,000 won, users receive a 10% payback in the form of a 10,000 won Gwangjin Love Gift Certificate, with a maximum payback of 500,000 won (50,000 won payback).

Furthermore, the income deduction benefit for gift certificate usage from March to June has been expanded from the existing 30% to 60%, and all affiliated stores are exempt from fees on gift certificate payment transactions.

The Gwangjin Love Gift Certificate can be used at over 5,400 Zero Pay affiliated stores in the region, including academies, restaurants, and convenience stores. However, in line with the purpose of introducing the gift certificate to expand local consumption and increase sales for small business owners, it cannot be used at large supermarkets, department stores, large corporate contractors and franchises, gambling establishments, or entertainment businesses, even if they are Zero Pay affiliated stores.

The district will implement a Gwangjin Love promotion relay project using SNS as a consumption stimulation policy. This project operates by awarding a 10,000 won Gwangjin Love Gift Certificate through a lottery to those who post a photo of their payment receipt along with a hashtag supporting small business owners on their personal SNS after using a local restaurant.

Consumers can receive a full refund if they apply for a refund within 7 days without using the purchased gift certificate, and if more than 60% of the gift certificate has been used, they can receive the remaining balance as is.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “With the issuance of the Gwangjin Love Gift Certificate, residents can reduce their economic burden and small business owners can increase their sales, creating a win-win effect for the local economy.” He added, “I hope this can bring some vitality to everyone experiencing economic difficulties due to the prolonged COVID-19 pandemic.”

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