Yeongdeungpo-gu Revives Small Business Owners in COVID-19 Affected Industries with Prepayment (20% Discount)

Recruiting Merchants for Prepaid Vouchers to Provide Emergency Funding Support to Small Businesses under Sales Restrictions... 10% Discount on Purchase + 10% Discount or 10% Additional Points on Payment... Usable Until January 31... Prepayment Up to 300,000 KRW per Person... Available for Purchase via 15 Payment Applications

[Asia Economy Reporter Park Jong-il] Yeongdeungpo-gu (District Mayor Chae Hyun-il) is recruiting participating businesses and buyers who can use the ‘Prepayment Gift Certificates’ to support local small business owners suffering severe financial difficulties due to the prolonged COVID-19 pandemic.

‘Prepayment Gift Certificates’ are metropolitan gift certificates that can only be used in businesses subject to gathering bans and operational restrictions due to strengthened social distancing measures. They are sold at a 10% discount with a shortened usage period to encourage consumers to prepay, aiming to increase sales within a short period.

Accordingly, the district has launched a rapid recruitment of affiliated stores. They are encouraging membership through associations and organizations, sharing the list of participating businesses with all employees, and focusing on promoting usage.

Additionally, since the gift certificates can only be used in businesses restricted by social distancing, such as ▲karaoke rooms, PC rooms, study rooms, and other cultural and sports facilities ▲restaurants, bakeries, cafes, and other food hygiene businesses ▲hair salons, beauty clinics, nail shops, bathhouses, and other public hygiene-related businesses, the responsible departments have cooperated to recommend businesses that meet the affiliation conditions and encourage their participation.

As a result, as of January 7, a total of 428 businesses have expressed their intention to participate, and recruitment is actively underway.

Efforts are also being made to recruit consumers to join the prepayment campaign. Banners are posted on the district office and affiliated organizations’ websites, promotional banners are displayed, and leaflets and posters are distributed to attract residents’ interest and participation.

The individual purchase limit for the gift certificates is 300,000 KRW per person per month, with a minimum payment amount of 100,000 KRW. When purchasing the gift certificates, consumers can buy them at a 10% discount off the face value, and when using the gift certificates at participating businesses, an additional 10% discount or reward benefits are provided. However, to provide quick financial support to small business owners in affected industries, all certificates must be used by January 31 of this year.

Consumers who wish to purchase the prepayment gift certificates can do so through 15 payment applications (Beeple Zero Pay, Check Pay, Money Tree, Fint, Payco, Fink, T-money Pay, Seulbaesaeng, 101 Zero Pay, All One Bank, To You Bank, Some Bank, IM# Jeonbuk Bank, Gwangju Bank).

Furthermore, consumers can search for businesses that accept prepayment gift certificates via the app Z-Map or the Zero Pay mobile website.

Chae Hyun-il, Mayor of Yeongdeungpo-gu, stated, “I hope the prepayment gift certificates will be a great help like rain during a drought to small business owners facing closure due to strengthened social distancing.” He added, “I hope this will serve as a catalyst for overcoming the COVID-19 crisis together through the active and voluntary participation of residents in the campaign and the involvement of small business owners in affected industries.”

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