Additional Issuance of Seodaemun Sarang Gift Certificates Worth 11.6 Billion Won with a 10% Discount

10% Discount Benefit on Face Value up to 700,000 KRW per Month Starting from 10 AM on the 12th

[Asia Economy Reporter Jongil Park] Seodaemun-gu (Mayor Moon Seok-jin) will issue Seodaemun Love Gift Certificates worth 11.6 billion KRW starting at 10 a.m. on the 12th to increase sales for small business owners and revitalize the local economy.

The district issued these local currency gift certificates worth 23.5 billion KRW last year and 15 billion KRW in the first half of this year, selling out completely, and has decided to issue additional certificates for the second half of the year.

The Seodaemun Love Gift Certificates can be used at Zero Pay affiliated stores within Seodaemun-gu, and anyone can purchase them.

Through the Zero Pay mobile gift certificate handling application on smartphones, individuals can purchase up to 700,000 KRW face value per month (actual payment amount 630,000 KRW) at a 10% discounted price. The holding limit is 2 million KRW.

If more than 60% of the gift certificate's face value is used, the remaining balance excluding the discount support fund can be refunded, and if canceled within 7 days after purchase, the full amount paid can be refunded.

Also, businesses wishing to handle the gift certificates can apply for affiliation through the Zero Pay website or the Korea Simple Payment Promotion Agency customer center.

Mayor Moon Seok-jin said, “We appreciate the great interest in the Seodaemun Love Gift Certificates, and we hope that many residents will continue to support revitalizing neighborhood commercial districts by using local currency in the second half of this year.”

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