Pohang City Sells Out 490 Billion Won in Paper-Type Local Currency Issued This Year

Available for purchase after January 15 next year... Pohang Sarang Card continues 10% special discount

The photo shows Mayor Lee Kang-deok purchasing Pohang Love Gift Certificates.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Pohang City announced on the 17th that the 490 billion KRW worth of paper-type Pohang Love Gift Certificates issued this year were completely sold out as of the 1st.

The Pohang Love Gift Certificates have reached a scale of 1 trillion KRW since 130 billion KRW worth were issued in 2017. In 2021, a total of 300 billion KRW worth is planned to be issued with government support.

In particular, the Pohang Love Gift Certificates, issued on the largest scale nationwide this year, have demonstrated an economic ripple effect of 2 trillion KRW despite the economic downturn during the COVID-19 pandemic era, being recognized as a top livelihood policy that brings hope to citizens.

According to a Pohang City official, inquiries about the repurchase timing are flooding in due to the end of sales following the complete sell-out of the paper-type gift certificates. The paper-type gift certificates will be available for purchase after January 15 next year. Pohang City explained that in December, if Pohang Love Cards are purchased until the budget is exhausted, a special 10% discount benefit can be received.

The Pohang Love Card, launched in September with a scale of 10 billion KRW, is a card-type Pohang Love Gift Certificate that anyone aged 14 or older can purchase. It is a rechargeable prepaid card format with a purchase limit of 200,000 KRW per person per month (within an annual limit of 2 million KRW), and offers a 10% discount benefit on the charged amount.

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