Expanding for Citizen Convenience... Yeongcheon City Expands Financial Institutions for 'Card-type Yeongcheon Love Gift Certificates'

To a total of 4 places: NongHyup, Post Office, Credit Cooperatives, and Saemaeul Geumgo

Card-type Yeongcheon Sarang Gift Certificate Design Image. [Image Source=Yeongcheon City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Yeongcheon City in Gyeongbuk Province is expanding the financial institutions issuing the ‘Yeongcheon Sarang Card (card-type gift certificate).’

Until now, the Yeongcheon Sarang Card was issued only by NongHyup Bank, but starting from the 18th, it will be issued at a total of four locations: NongHyup, Post Office, Credit Cooperatives, and Saemaeul Geumgo, the city announced on the 12th.

The Yeongcheon Sarang Card is a rechargeable check card that anyone aged 19 or older can issue through the ‘Local Gift Certificate chak’ smartphone app.

Customers who have difficulty accessing online services can obtain the card offline at local branches of NongHyup, Livestock Cooperatives, Post Office, Saemaeul Geumgo, and Credit Cooperatives.

As of the end of April, there are 2,770 affiliated stores for the Yeongcheon Sarang Card, which can be checked on the Yeongcheon City Hall website.

NongHyup uses the NH Card network, while the Post Office, Credit Cooperatives, and Saemaeul Geumgo use the BC Card network, so affiliated stores must first register with NH Card and BC Card to accept Yeongcheon Sarang Card payments.

Individuals can purchase and use up to a total of 1,000,000 KRW per month, consisting of 500,000 KRW in card-type gift certificates (Yeongcheon Sarang Card) and 500,000 KRW in paper-type gift certificates, with a discount rate of 10% this year.

A Yeongcheon City official said, “Since the Yeongcheon Sarang Card was first issued in 2020, it has recorded sales of 11.4 billion KRW as of the end of April this year, helping to revitalize the local economy. We expect that expanding the issuing financial institutions will further promote the use of the Yeongcheon Sarang Card.”

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