Increase in Exchange Limits and Adjustment of Discount Purchase Limits for Gangwon Gift Certificate Merchants

Merchant Exchange Limit Increased from 100 Million Won to 300 Million Won
Discount Purchase Limit Reduced from 300,000 Won to 200,000 Won per Month
Mobile Gift Certificate Sales Limit Set at 6.5 Billion Won per Month

Gangwon Gift Certificate [Provided by Gangwon Province]

[Asia Economy Reporter Ra Young-cheol] Gangwon Province is temporarily raising the exchange limit for affiliated stores and adjusting the discount purchase limit for consumers in line with the increasing circulation of Gangwon gift certificates.

On the 22nd, the province stated, "The increase in the exchange limit for affiliated stores is a preemptive measure to facilitate the circulation of gift certificates, as a sharp increase in circulation is expected due to the payment of allowances to farmers and fishermen and special discount sales. We have prepared the basis for this by revising related enforcement regulations."

Accordingly, the special increase range for the exchange limit has been changed from the previous limit of up to 100 million won to up to 300 million won, allowing individual Gangwon gift certificate affiliated stores to exchange up to 300 million won depending on their average monthly sales scale.

Additionally, as the sales amount of Gangwon gift certificates has increased this year, starting from the 1st of next month, the consumer discount purchase limit will be lowered from the previous 300,000 won per month to 200,000 won, and the monthly issuance limit for mobile gift certificates has been set at 6.5 billion won.

Furthermore, the province plans to strengthen management of illegal exchanges and fraudulent distribution through monthly monitoring of affiliated stores, and violators will face disadvantages such as lowering of exchange limits or cancellation of affiliated store registration.

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