Seoul City Issues 10 Billion KRW Worth of Seoul Sarang Gift Certificates for Corporations

Sales until December 15, no purchase limit per corporation
Usable anywhere in Seoul... Can be used for employee rewards and event prizes

[Asia Economy Reporter Lim Cheol-young] The Seoul Metropolitan Government announced on the 18th that it will issue a total of 10 billion KRW worth of ‘Corporate Seoul Sarang Gift Certificates’ starting from the 19th, targeting public and private corporations as well as individual business owners.

The ‘Corporate Seoul Sarang Gift Certificates’ are mobile gift certificates that public and private corporations can use for employee rewards, executive bonuses, and prizes for company-hosted events.

Unlike the ‘District Seoul Sarang Gift Certificates,’ which could only be used at affiliated stores within the issuing district, the newly issued ‘Corporate Seoul Sarang Gift Certificates’ can be used at any of the 25 districts throughout Seoul. There is no purchase limit per corporation.

The ‘Corporate Seoul Sarang Gift Certificates’ can be purchased on the corporate sales-only website until December 15. Payment can be made via virtual account deposit or corporate card. The certificates are valid for five years from the date of purchase, and if more than 60% of the face value is used, the remaining balance can be refunded. They can also be gifted.

Gang Nam-tae, head of the Small Business Support Division at Seoul City, said, “Seoul Sarang Gift Certificates can be conveniently used at affiliated stores throughout Seoul, making them more versatile than other gift certificates. We hope many corporations will purchase the Corporate Seoul Sarang Gift Certificates to help increase small business sales and revitalize the local economy.”

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