Mokpo City 'COVID-19, Let's Revive Local Businesses'... Special Discount on Local Gift Certificates
Issuance of 10 Billion KRW in Paper Gift Certificates, Sales Begin on the 20th
Mokpo City has introduced a generous discount policy to revive the local economy, which has been in a prolonged slump due to COVID-19. Photo by Mokpo City
View original image[Mokpo = Asia Economy Honam Reporting Headquarters Reporter Jeong Seunghyun] Mokpo City announced on the 13th that it will sell Mokpo Sarang Gift Certificates at a special 10% discount starting from the 20th.
This Mokpo Sarang Gift Certificate will be issued in the form of paper vouchers worth 10 billion KRW to revitalize the local economy, which has been stagnant due to the prolonged COVID-19 pandemic, and in preparation for the Chuseok holiday in September.
The Mokpo Sarang Gift Certificate can be purchased up to 300,000 KRW per person per month and up to 4 million KRW annually. It can be purchased at 56 branches of financial institutions such as Nonghyup, Gwangju Bank, Chukhyup, Suhyup, Shinhyup, and Saemaeul Geumgo by presenting an ID card.
The gift certificates can be used at about 8,000 affiliated stores in Mokpo, including restaurants, marts, gas stations, beauty salons, wholesale and retail businesses, lodging facilities, and traditional markets, but usage is restricted in some sectors such as large marts and entertainment establishments.
The Mokpo Sarang Card is a check card-type gift certificate that can be applied for at five branches of Gwangju Bank within the city, and a 10% discount benefit is applied within a monthly usage limit of 500,000 KRW.
The affiliated stores where Mokpo Sarang Gift Certificates can be used can be checked on the Mokpo City website under the Job & Economy section’s Mokpo Sarang Gift Certificate page.
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A city official stated, “We hope that the discounted sale of gift certificates, implemented during these difficult times due to COVID-19, will prevent the outflow of local funds and help improve sales for small businesses and alleyway merchants.”
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