Gyeongnam Province Issues Additional 23.5 Billion Won of 'Gyeongnam Sarang Gift Certificates'

A Total of 50 Billion Won Issued This Year ... Usable at ZeroPay Merchants

Gyeongsangnam-do Provincial Government Building Exterior View

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Gyeongnam Province announced on the 18th that it will issue an additional 23.5 billion KRW worth of Gyeongnam Sarang Gift Certificates starting from the 12th and sell them at a special discount to support sales expansion of small business owners and self-employed individuals and revitalize neighborhood commercial districts.

The Gyeongnam Sarang Gift Certificate is a prepaid rechargeable mobile gift certificate that can be purchased and used through Zero Pay gift certificate apps such as 'Check Payment' and can be used at Zero Pay affiliated stores within the province.

The province plans to actively promote regional economic revitalization by expanding issuance to a total of 50 billion KRW this year, issuing an additional 23.5 billion KRW following the early sale of 26.5 billion KRW last month, so that small business owners and self-employed individuals, who form the foundation of the livelihood economy, can overcome the novel coronavirus infection (COVID-19) early, and by selling them at a special discount.

The gift certificates issued in January with a scale of 20 billion KRW saw a rapid increase in monthly sales, with the entire issuance amount sold out by early May, and the additional 6.5 billion KRW issued was also completely sold out by the end of May.

Therefore, the province will expand the total issuance scale to 50 billion KRW this year in active response to the revitalization of local commercial districts and consumer demand, secure additional project funds through supplementary budgets, and actively stimulate consumption through special discount sales on the entire additional issuance of 23.5 billion KRW.

In this special discount sale, individuals can purchase gift certificates at a 10% discounted price within a limit of 1 million KRW per person and also receive income deduction benefits, which is expected to restore weakened consumer sentiment and serve as a catalyst for early overcoming of COVID-19 through increased sales of small business owners and self-employed individuals.

Kim Ki-young, Director of the Job Economy Bureau of Gyeongnam Province, said, “With this additional issuance of gift certificates, we expect to inject vitality into the depressed local economy and provide practical help to expand sales of small business owners and self-employed individuals,” and added, “We ask for your participation in activating the use of gift certificates to alleviate the difficulties faced by small business owners due to COVID-19.”

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