Namwon-si to Intensify Crackdown on Illegal Distribution of 'Namwon Sarang Gift Certificates' Until the 7th of Next Month

[Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon] Namwon City, Jeonbuk Province, has launched an intensive crackdown to prevent the illegal distribution of Namwon Sarang Gift Certificates and establish a sound distribution order until the 7th of next month.

According to the city on the 28th, this crackdown is conducted by forming a joint inspection team and extracting suspicious franchise stores of illegal distribution through an abnormal transaction detection system to verify whether illegal distribution has occurred.

The main targets of the crackdown include receiving gift certificates without selling goods or providing services, exchanging through proxy purchases, refusing payment with local love gift certificates, and receiving or exchanging gift certificates through transactions exceeding actual sales amounts.

Since July 2020, the city has introduced the Korea Minting and Security Printing Corporation's integrated gift certificate management system to monitor the manufacturing, sales, and exchange processes of gift certificates in real time, detect suspicious abnormal transactions suspected of illegal distribution, and conduct accurate surveillance and tracking monitoring.

For illegal sales and exchanges confirmed through monitoring and crackdown results, the city plans to take strong measures such as on-site guidance, franchise cancellation, imposition of fines, recovery of unfair profits, and referral for investigation in accordance with the "Act on the Promotion of Use of Local Love Gift Certificates."

The current cumulative issuance amount is 272.3 billion KRW, of which 235 billion KRW has been sold, contributing to the revitalization of the domestic economy, while the city plans to strive to correct cases of abuse.

A city official said, "We will do our best to ensure that the purpose of operating the Namwon Sarang Gift Certificate system, which is run with valuable budget input to revitalize the local economy, is not damaged by illegal distribution."

Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon wjddudrnjs@asiae.co.kr

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