Gangjin-gun Holds Meeting to Promote Distribution of Gangjin Sarang Gift Certificates

Approximately 50 Billion Won Issued in 2020, Making Significant Contributions to Regional Economic Revitalization

Gangjin County held a meeting with related organizations to promote the circulation of the Gangjin Love Gift Certificate. (Photo by Gangjin County)

[Asia Economy Honam Reporting Headquarters Reporter Kim Yong-su] Gangjin-gun, Jeollanam-do announced on the 2nd that it held a meeting with related organizations on the 1st to revitalize the circulation of the Gangjin Sarang Gift Certificate.

The meeting was held with 10 officials in charge from related organizations (local financial institutions) attending, discussing opinions to promote the local economy, including the proper use of the Gangjin Sarang Gift Certificate.

It became a communication platform to share various information such as the issuance and operation status of the Gangjin Sarang Gift Certificate, prevention of illegal distribution, plans for additional production and distribution, and changes in the use of the Gangjin Sarang Gift Certificate starting next year.

The total issuance scale of the Gangjin Sarang Gift Certificate this year reached about 50 billion KRW. It is evaluated to have contributed to overcoming the consumption sentiment contraction caused by the spread of COVID-19 and revitalizing the local economy.

Next year, the Gangjin Sarang Gift Certificate will continue to be sold at a 10% discount until the end of COVID-19. However, since national subsidies for corporate discounts have been discontinued, discounts will not be applied to corporations. To prevent illegal distribution caused by the 10% special discount, the purchase limit for paper gift certificates will be adjusted from the current 1 million KRW per month to 500,000 KRW per month. For Zero Pay (mobile Gangjin Sarang Gift Certificate), the monthly limit of 1 million KRW will remain unchanged.

In particular, for existing gift certificates, users could receive a refund of the remaining balance if they used more than 50% of the face value, but starting next year, they must use more than 80% of the face value to receive a refund of the remaining balance.

County Governor Lee Seung-ok said, “We are conducting a 10% special discount on the Gangjin Sarang Gift Certificate as a measure to revive the local economy and small business owners struggling due to COVID-19,” adding, “The Gangjin Sarang Gift Certificate plays a pivotal role in revitalizing the local economy, and above all, active cooperation from local related organizations is necessary.”

Meanwhile, the Gangjin Sarang Gift Certificate can be purchased at branches of 20 financial institutions including NongHyup, ShinHyup, Saemaeul Geumgo, Gwangju Bank, and Suhyup, and can be bought at a 10% special discount price.

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