Damyang-gun Purchases 200 Million Won in Local Currency to Revitalize Regional Economy
[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] All former public officials of Damyang-gun, Jeollanam-do (Governor Choi Hyung-sik) will purchase about 200 million won worth of local currency (Damyang Sarang Gift Certificates) to participate in revitalizing the local economy.
According to the county on the 10th, to revive the local economy depressed by COVID-19, all public officials will voluntarily participate and purchase Damyang Sarang Gift Certificates ranging from a minimum of 200,000 won to a maximum of 1 million won depending on their rank.
The Damyang Sarang Gift Certificates are local currencies usable within the jurisdiction and are sold in the form of paper gift certificates, cards, and mobile gift certificates.
For the gift certificates purchased by the county officials this time, the validity period is limited to three months to achieve the purpose of "revitalizing the local economy" and to encourage quick consumption.
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A county official said, "Through consultation with the public officials' union, all employees voluntarily decided to participate in overcoming COVID-19," adding, "We hope that the purchase of Damyang Sarang Gift Certificates by employees will breathe new life into the local economy."
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