Jangseong-gun Conducts Intensive Crackdown on Illegal Distribution of 'Local Gift Certificates' Until the 31st
[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Jeonnam Jangseong-gun (Governor Yoo Dooseok) announced on the 17th that it will conduct a comprehensive crackdown until the 31st to block the illegal distribution of local gift certificates.
This crackdown is a measure in response to concerns about illegal distribution arising from the expansion of gift certificate issuance and a 10% discount.
The targets of the crackdown include acts of receiving gift certificates without selling goods or providing services, exchanging gift certificates exceeding actual sales amounts, and franchise stores acting as agents for exchanging fraudulently received gift certificates.
Those who engage in illegal use may be subject to fines of up to 20 million won under the Local Love Gift Certificate Act, which came into effect in July last year.
Earlier, the county introduced the Korea Minting and Security Printing Corporation’s integrated gift certificate management service in January, allowing real-time monitoring of the entire distribution process including manufacturing, sales, and exchange, while continuously monitoring suspicious cases of illegal distribution.
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A county official said, “We plan to actively promote precautions to franchise stores and users so that local gift certificates can be used as originally intended,” and added, “We hope this opportunity will help establish a sound distribution order.”
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