Naju Sarang Gift Certificate '10% Special Discount' Extended... Top Sales in Jeonnam

Published 19 Aug.2021 17:06(KST)

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 19th that, thanks to continuous efforts to secure national funding, it will further extend the system that offers a 10% discount on the face value when purchasing Naju Sarang Gift Certificates until the budget is exhausted.

As of the end of last month this year, excluding disaster relief funds and other policy portions, the general sales performance of Naju Sarang Gift Certificates was approximately 62 billion KRW, ranking first among local governments in Jeollanam-do.

During this period, 4.5 billion KRW in national funds and 1.7 billion KRW in local funds were provided to maintain the discount rate.

The city increased the sales limit with a 10% discount applied from the original 75 billion KRW to 86.3 billion KRW through three rounds of national fund acquisition, and plans to adjust the discount rate from 10% to 5% once the budget is exhausted.

Starting from the 1st of next month, to operate the system more efficiently, the monthly purchase limit for the gift certificates will be lowered from 700,000 KRW to 500,000 KRW.

Naju Sarang Gift Certificates can be purchased at 54 designated financial institutions including NH Nonghyup Bank Naju Branch, local Nonghyup banks, credit unions, Saemaeul Geumgo, and Gwangju Bank. The Naju Sarang Card, launched to complement the drawbacks of paper gift certificates, can be purchased (recharged) through the dedicated app (CHAK).

The gift certificates can be used at about 3,300 designated affiliated stores such as local restaurants, marts, gas stations, pharmacies, and hospitals. Store registration can be applied for at the administrative welfare centers of the respective towns, townships, and neighborhoods where the business is located.

For the elderly who find it difficult to use smartphones, the city provides card issuance and recharge services at 38 local Nonghyup branches and 17 post offices within the jurisdiction.

Mayor Kang In-gyu said, “Thanks to the active participation of citizens who demonstrated a community spirit to overcome COVID-19, we achieved the top sales performance of local currency general sales in the province. We will continue to do our best to revitalize the distribution of gift certificates, which serve as a catalyst for a virtuous economic cycle, by expanding affiliated stores, maintaining discount rates, and improving usage convenience.”