Jindo-gun's 'Jindo Arirang Gift Certificate' Illegal Distribution Nationwide Crackdown

Focused Crackdown on Illegal Receipt and Exchange of Gift Certificates by Franchisees

Administrative and Financial Measures Including Fines and Recovery of Unfair Gains

Jindo-gun Office Building Exterior (Photo by Jindo-gun)

[Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] Jindo-gun, Jeollanam-do announced on the 22nd that it will conduct a comprehensive crackdown until the 31st to eradicate illegal distribution and fraudulent activities of the local currency ‘Jindo Arirang Gift Certificate.’

The crackdown is being carried out to block fraudulent distribution as the issuance and sales of Jindo Arirang Gift Certificates have significantly increased due to the payment of public interest allowances for farmers and fishermen and disaster relief funds.

After a preliminary analysis of the fraudulent distribution prevention system, companies suspected of fraudulent distribution will be asked to provide explanatory materials and on-site investigations will be conducted to verify whether fraudulent distribution has occurred.

The crackdown targets acts such as receiving local currency without providing goods or services, receiving gift certificates through transactions exceeding the actual sales amount, acting as an agent for exchanging gift certificates fraudulently received by individual merchants, refusing gift certificate payments, or treating gift certificate holders unfairly.

If clear fraudulent distribution acts disrupting the circulation order of local currency are found, administrative measures such as cancellation or suspension of merchant registration, and financial penalties such as fines up to 20 million KRW or recovery will be imposed in accordance with the ‘Act on the Promotion of Use of Local Love Gift Certificates.’

A representative from the Economic Marketing Division of Jindo-gun stated, “Since the discount on local love gift certificates is covered by national and other taxes, the damage ultimately falls on the residents. Through this intensive crackdown period on fraudulent distribution of local love gift certificates, we will take strong measures through strict investigations of merchants suspected of fraudulent distribution.”

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