Yongsan Love Gift Certificate 15% Special Discount Sale

Starting from the 28th, first-come-first-served sales... Purchase via smartphone app... Usable at over 6,000 ZeroPay affiliated stores including traditional markets, restaurants, and hospitals

[Asia Economy Reporter Jongil Park] Yongsan-gu (Mayor Seongjanghyun) will offer a special 15% discount on the local currency, Yongsan Sarang Gift Certificates, starting from the 28th.

This is to revive the local economy, which has been frozen due to the prolonged COVID-19 pandemic.

The Yongsan Sarang Gift Certificate is a mobile gift certificate issued to promote consumption among local residents and increase sales for small business owners. It can be used like cash at Zero Pay affiliated stores.

The gift certificates come in three denominations: 10,000 KRW, 50,000 KRW, and 100,000 KRW, with a maximum purchase limit of 1,000,000 KRW per person per month. They can be used for up to five years after purchase.

The 10,000 KRW Yongsan Sarang Gift Certificate can be purchased for 8,500 KRW, the 50,000 KRW certificate for 42,500 KRW, and the 100,000 KRW certificate for 85,000 KRW.

An initial 15% special discount will be applied at issuance, sold on a first-come, first-served basis, and even after funds are exhausted, a 10% special discount will continue until June 30.

After the discount period ends in July, the basic discount rate of 7% will be applied for sales. Gift certificates can be purchased via smartphone. Those who wish to purchase can use a smartphone mobile app. They can buy through Zero Pay simple payment apps (Beeple Zero Pay, Check Pay, Money Tree) and six bank apps (Nonghyup Bank, Gyeongnam Bank, Busan Bank, Daegu Bank, Gwangju Bank, Jeonbuk Bank).

The method of using the gift certificates is the same as the Zero Pay payment method. When purchasing goods or paying fees, scan the merchant's QR code and pay with the mobile gift certificate. It can be freely used at about 6,000 Zero Pay affiliated stores in Yongsan-gu, including traditional markets, academies, restaurants, hospitals, pharmacies, convenience stores, and more. However, it cannot be used at large franchises such as large supermarkets and department stores unrelated to the purpose of issuing the local love gift certificates, nor at harmful or gambling-related business stores. The list of affiliated stores can be checked on the Zero Pay website (zeropay.or.kr).

Small business owners affiliated with Zero Pay are exempt from all payment fees regardless of annual sales or number of employees. Residents using the gift certificates can also receive a 30% income tax deduction at year-end tax settlement (60% until the end of June).

Seongjanghyun, Mayor of Yongsan-gu, said, “The district is issuing the local currency Yongsan Sarang Gift Certificates to support small business owners struggling due to COVID-19,” and added, “We encourage all residents to actively use the gift certificates to revive the stagnant local economy and overcome these difficult times together.”

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