Gunwi-gun, First Sale of Local Currency Worth 5 Billion Won... 12 Billion Won to Be Issued This Year

New Issuance of Card-Type Local Love Gift Certificates ... 2 Billion in Paper Type, 3 Billion in Card Type

Gunwi County Office

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Gunwi-gun, Gyeongbuk, will introduce local love gift certificates (local currency) in two types: paper and card, for the first time on the 20th.

According to Gunwi-gun on the 18th, the special discount sales scale this year is 5 billion KRW for paper type and 7 billion KRW for card type, totaling 12 billion KRW. Gunwi-gun plans to actively encourage local residents to purchase through a 10% special discount event until the end of the year.

Accordingly, the first phase of Gunwi Love Gift Certificates worth 5 billion KRW will be sold at a special discount until the end of March.

This sale, aimed at boosting sales for small business owners and self-employed people in the Gunwi area who are struggling due to COVID-19 and revitalizing the local economy, has a target amount of 5 billion KRW (2 billion KRW paper type, 3 billion KRW card type).

Individuals can purchase gift certificates at a 10% discounted price with a purchase limit of 1 million KRW during the first special discount sales period. Anyone aged 19 or older can purchase. They can be purchased at local financial institutions (11 NongHyup branches), but corporations and franchise owners are not eligible for the discount benefits.

The gift certificates can be used at about 550 registered franchise stores, and the list of franchise stores can be checked on the Gunwi County Office website.

The newly introduced card-type Gunwi Love Gift Certificate can be applied for by anyone aged 19 or older regardless of their address. Card application and registration are possible through mobile app installation. It is used by linking to the user's own bank account for charging and refunding.

At year-end tax settlement, it offers a 30% income deduction just like a check card, allowing users to enjoy both charging discounts and year-end tax benefits, achieving a twofold effect.

A Gunwi-gun official said, "We hope that the launch of the card-type Gunwi Love Gift Certificate and the special discount sales, which can help revive the local economy and provide various benefits, will support small business owners struggling due to COVID-19 and greatly contribute to revitalizing the local economy."

Meanwhile, in 2020, Gunwi-gun conducted special discount sales of Gunwi Love Gift Certificates worth 4 billion KRW in two phases.

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