Gwangjin Sarang Gift Certificates 3rd Issue of 11.5 Billion Won... 7% Discount, 10% Payback Benefits

3rd Additional Release on the 13th... Available for Purchase at a 7% Discount, 10% Payback Event Also Underway

[Asia Economy Reporter Park Jong-il] Gwangjin-gu (Mayor Kim Seon-gap) will issue the third additional batch of the ‘Gwangjin Love Gift Certificates’ at 10 a.m. on the 13th to revive the depressed local alley markets and activate regional consumption due to the novel coronavirus infection (COVID-19).

The district previously issued a total of 8.5 billion won worth of Gwangjin Love Gift Certificates in two rounds in March and May, which sold out early. This third issuance will total 11.5 billion won to allow more residents to purchase them.

The Gwangjin Love Gift Certificates are mobile gift certificates usable at Zero Pay affiliated stores within the region. They can be easily purchased by installing payment apps such as Beeple Zero Pay, Check Pay, and Money Tree.

The gift certificates come in three denominations: 10,000 won, 50,000 won, and 100,000 won. Regardless of residence area, anyone can purchase them at a 7% discount within a monthly limit of 1 million won per person. However, starting from August, the monthly discounted purchase limit will be reduced to 700,000 won.

They can be used at about 7,880 Zero Pay affiliated stores in the region, including academies, convenience stores, and restaurants, with a validity period of five years. In line with the purpose of promoting local consumption and increasing sales for small business owners, they cannot be used at large supermarkets, department stores, large pharmaceutical companies and franchises, luxury and entertainment establishments, even if they are Zero Pay affiliated stores.

Additionally, the district is promoting a payback event that refunds 10% of the total payment amount in Gwangjin Love Gift Certificates. Residents who spend more than 100,000 won during the period from March 25 to July 31 can receive a refund of up to 50,000 won per person.

Mayor Kim Seon-gap said, “Thanks to the great interest of residents, the first and second rounds of Gwangjin Love Gift Certificates were successfully sold out. Through this additional issuance, residents can purchase gift certificates at discounted prices, and the local economy is expected to revive, achieving two benefits at once.”

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