Dongdaemun-gu Promotes 'Good Consumption Prepayment Campaign'

Consumers Receive Discounts for Prepayment, Small Business Tax Credits... 37 Local Tutoring and Music Academies Actively Participate... 10% Discount for 2-Month Prepayment

[Asia Economy Reporter Park Jong-il] Dongdaemun-gu (Mayor Yoo Deok-yeol) is taking the lead in the "Good Consumption, Prepayment Movement" to revive consumer sentiment frozen by COVID-19 and to restore the local commercial district.

The prepayment movement is a good consumer campaign where consumers prepay at small business establishments such as frequently visited restaurants and neighborhood stores and promise to revisit. It was started to share the difficulties of small business owners.

Small business owners offer discount benefits when consumers prepay, which is expected to promote consumption, increase sales for small business owners, and provide discount benefits to consumers, benefiting everyone.

Additionally, to promote household prepayment, the government has uniformly expanded the income deduction rate for all industries to 80% for credit and debit cards from April to July. From July to December, if prepayment is made at small business establishments, a 1% tax credit on income tax (for sole proprietors) and corporate tax (for corporations) can also be applied.

Thirty-seven private academies and music academies in Dongdaemun-gu were the first to join the prepayment movement. They decided to offer a 10% discount benefit when students prepay tuition for two months. The list of participating academies and additional participating businesses will be posted on the Dongdaemun-gu Office blog.

The district office distributed participation notices to small business owners to actively promote the prepayment movement in the local community.

Starting June 8, a Good Prepayment bulletin board will be opened on the Dongdaemun-gu Office website to allow businesses to freely promote themselves.

Furthermore, if consumers upload certification photos such as prepayment receipts on the bulletin board, three people will be selected by lottery at the end of each month to receive souvenirs.

Also, employees will actively participate in the prepayment movement by prepaying a certain amount at nearby restaurants, cafes, and other small business establishments and promising to revisit.

Small business owners who wish to participate in the prepayment movement can contact the Economic Promotion Division of Dongdaemun-gu Office.

Yoo Deok-yeol, Mayor of Dongdaemun-gu, stated, "I hope the Good Prepayment Movement will help small business owners who are experiencing economic difficulties due to the prolonged COVID-19 pandemic. I hope many small business owners and consumers will participate in the movement, and we will continue to carry out prepayment certification campaigns to widely spread the prepayment movement."

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