Gimcheon City Extends 10% Special Discount on Local Love Gift Certificates Until Year-End

Mayor Kim Chung-seop promoting the local love gift certificate.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Gimcheon City, Gyeongbuk Province, announced on the 24th that it will significantly extend the special 10% discount sales period for Gimcheon Sarang Gift Certificates and Gimcheon Sarang Cards until the end of December, as the local economy has been depressed due to the prolonged COVID-19 pandemic.

Gimcheon City has expanded the issuance scale of local currency from the originally planned 20 billion KRW to 60 billion KRW, and has introduced the prepaid card-type Gimcheon Sarang Gift Certificates (Gimcheon Sarang Cards) early to revitalize the local economy.

During the special discount period, purchasers of Gimcheon Sarang Gift Certificates and Gimcheon Sarang Cards can receive a discount benefit of up to 70,000 KRW per month. The Gimcheon Sarang Gift Certificates and Cards can be purchased at 44 financial institutions within the city (including Nonghyup, Livestock Cooperatives, Daegu Bank, Credit Unions, Saemaeul Geumgo, etc.). Additionally, until the end of this year, corporations such as public institutions and small and medium enterprises purchasing Gimcheon Sarang Gift Certificates will receive a special 5% discount benefit.

In Gimcheon City, following the support of 3.8 billion KRW with 500,000 KRW per store through the COVID-19 Damage Store Support Project, the 'Small Business Card Fee and Electricity Bill Support Project' is being expanded to support card fees (up to 500,000 KRW) and electricity bills (up to 400,000 KRW).

Mayor Kim Choong-seop stated, "I hope that many will use the Gimcheon Sarang Card so that it can be a source of strength for small business owners and the beginning of a win-win economy where we all prosper together."

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