Gangnam Love Gift Certificates Additional Issuance of 10 Billion Won ... 10% Discount Benefit

From 10 AM on the 27th, up to 1 million KRW per person per month... Anyone can purchase regardless of address

[Asia Economy Reporter Jongil Park] Gangnam-gu (District Mayor Jeong Soon-gyun) will issue an additional 10 billion KRW worth of Gangnam Sarang Gift Certificates starting at 10 a.m. on the 27th.

The Gangnam Sarang Gift Certificate is a mobile local gift certificate aimed at boosting sales for small business owners struggling due to COVID-19 and revitalizing the local economy. After its initial issuance of 20 billion KRW in April, it gained great popularity and sold out within a month.

The additional Gangnam Sarang Gift Certificates being issued this time are in response to residents' requests and come in three denominations: 10,000 KRW, 50,000 KRW, and 100,000 KRW. Each individual can purchase them at a discounted price up to a monthly limit of 1 million KRW. However, starting in August, the monthly discounted purchase limit will be reduced to 700,000 KRW. Residents who use the gift certificates will receive an 80% income deduction benefit until July, and 30% from August onward.

The Gangnam Sarang Gift Certificates can be purchased by anyone regardless of their address through ▲Zero Pay simple payment apps (Beeple Zero Pay, Check Pay, Money Tree, Fint, Payco, Fink, T-money Pay) and ▲bank apps (Nonghyup All One Bank, Gyeongnam Bank To You Bank, Busan Bank Some Bank, Daegu Bank IM Shop, Gwangju Bank Personal Bank, Jeonbuk Bank New Smart Bank).

Lee Seon-hyung, Head of the Local Economy Division, said, “We are grateful for the interest and love from the residents shown by the early sell-out of the Gangnam Sarang Gift Certificates,” and added, “We will strive to prepare various policies to support self-employed and small business owners facing difficulties due to COVID-19.”

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