Gwangju City Extends Gwangju Sangsaeng Card Special Discount Until December

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 4th that it will extend the 10% special discount period for the Gwangju Sangsaeng Card, originally scheduled to end this month, until December to revitalize the local economy weakened by COVID-19.

The issuance target amount for the Gwangju Sangsaeng Card has also been expanded from 400 billion won to 610 billion won, an increase of 210 billion won due to budget support from the central government, to support the revitalization of local commercial districts struggling due to the COVID-19 outbreak.

As of the 31st of last month, 524.5 billion won worth of Gwangju Sangsaeng Cards had been issued, preventing the outflow of regional capital through local consumption and contributing to increased sales for small business owners, establishing itself as a driving force for the local economy.

This is six times the total annual issuance amount of 86.3 billion won in 2019.

Gwangju City supports the full payment processing fees for Sangsaeng Card transactions at merchants with annual sales of 1 billion won or less.

As of the end of June, the fee support performance showed that about 1.425 billion won was provided to approximately 224,000 merchants in the first half of this year alone.

The amount of card payment fee support provided to merchants is more than six times that of 2019 (about 234 million won), offering benefits to small business merchants alongside special discounts for users, thereby promoting the activation of the Gwangju Sangsaeng Card.

In particular, policy funds such as emergency household living expenses and emergency disaster relief funds to overcome the COVID-19 crisis were paid through the Gwangju Sangsaeng Card, and the general issuance amount eligible for discounts has steadily increased monthly, with 25.7 billion won in January, 43.7 billion won in April, and 56 billion won in July.

Park Nam-eon, Director of the City’s Job and Economy Office, said, “To revitalize the local economy struggling due to COVID-19, we secured government national budget funds to expand the issuance scale of the Gwangju Sangsaeng Card and will implement a 10% special discount until the end of the year. We hope citizens actively participate in using the Sangsaeng Card, which can simultaneously provide special discounts to users and revitalize local commercial districts.”

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