Jeonnam Jangseong-gun Cracks Down on Illegal Distribution of Local Gift Certificates

[Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Jangseong-gun, Jeollanam-do, is conducting a comprehensive crackdown on the illegal distribution of Jangseong Love Gift Certificates until the 20th of this month.

This measure is in response to concerns about illegal distribution arising from the expansion of gift certificate issuance and a 10% discount event.

The crackdown targets ▲ receiving gift certificates without providing goods or services ▲ exchanging gift certificates exceeding actual sales amounts ▲ franchise stores acting as agents for exchanging fraudulently obtained gift certificates, among others.

If caught using gift certificates illegally, offenders may face fines of up to 20 million KRW according to the Local Love Gift Certificate Act, which came into effect in July last year.

A county official stated, “Along with cracking down on illegal distribution, we plan to actively promote precautions so that local gift certificates can be used as originally intended to revitalize the local economy and support the livelihoods of ordinary citizens,” adding, “We hope this crackdown will establish a sound order in gift certificate distribution.”

Additionally, since January, Jangseong-gun has introduced the Korea Minting and Security Printing Corporation’s integrated gift certificate management service to monitor the entire distribution process?including manufacturing, sales, and exchange?in real time.

Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu chg6001@asiae.co.kr

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