Issuance of Seoul Gangseo Love Gift Certificates Worth 21 Billion Won

Following the first issuance in the first half, the second issuance in July will be 10 billion KRW, and the third issuance in September will be 11 billion KRW... Purchases available at a 10% discount until the issuance amount per round is exhausted

[Asia Economy Reporter Jong-il Park] Gangseo-gu, Seoul (Mayor Noh Hyun-song) will issue a total of 21 billion KRW worth of ‘Seoul Gangseo Love Gift Certificates’ in the second half of this year to revitalize the local economy, which has been stagnant due to the prolonged COVID-19 pandemic.

The Seoul Gangseo Love Gift Certificates are mobile local currency usable at Zero Pay affiliated stores, designed as a support measure to increase small business owners’ income through consumption activation.

In particular, consumers can receive a 10% discount and a 30% income deduction benefit, and affiliated stores have the advantage of no payment fees.

Following the issuance of 18 billion KRW in the first half of this year, the Seoul Gangseo Love Gift Certificates for the second half will be issued in two rounds.

First, the district will start the second round of sales of Seoul Gangseo Love Gift Certificates worth 10 billion KRW from 10 a.m. on July 12. Then, in September, the third round of Seoul Gangseo Love Gift Certificates worth 11 billion KRW will be issued.

The Seoul Gangseo Love Gift Certificates can be purchased at a 10% discounted price until the issuance amount for each round is exhausted. Each person can purchase up to 700,000 KRW per month, with a holding limit of 2 million KRW. The validity period is five years from the date of issuance.

Gift certificates can be purchased through 19 mobile apps including ▲Beeple Zero Pay ▲Money Tree ▲Check Pay ▲Payco ▲T-money Pay ▲NongHyup All One Bank ▲BNK Gyeongnam Bank ▲Busan Bank Some Bank ▲Daegu Bank IM Shop, among others.

Usable stores include about 15,000 Zero Pay affiliated stores located in Gangseo-gu such as restaurants, beauty salons, pharmacies, and convenience stores. They can be checked via the Zero Pay affiliated store finder app service ‘Z-MAP app’ or the ‘Zero Pay homepage - Zero Pay introduction - Find affiliated stores’. However, the gift certificates cannot be used at large-scale stores, franchise directly operated stores run by large or medium-sized enterprises, or entertainment and gambling businesses, in line with the purpose of supporting small business owners.

Unused gift certificates can be fully refunded if canceled within 7 days from the purchase date. If more than 60% of the face value has been used, the remaining balance excluding the discount support amount will be refunded.

A district official said, “We hope this issuance of Seoul Gangseo Love Gift Certificates will be of great help to local small business owners struggling due to COVID-19,” and added, “We will continue to devise various measures to revive the stagnant local economy and help increase small business sales.”

Meanwhile, since last year until the first half of this year, the district has issued a total of 34.5 billion KRW worth of Seoul Gangseo Love Gift Certificates in four rounds, contributing to the revitalization of the local economy hit by COVID-19.

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