Jangseong-gun, Jeonnam, Cracks Down on Illegal Circulation of Local Currency

[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Jangseong-gun, Jeonnam, has rolled up its sleeves to prevent the illegal circulation of the local currency, Jangseong Sarang Gift Certificates.

The county will conduct a comprehensive crackdown on illegal circulation of the second half Jangseong Sarang Gift Certificates from the 31st of this month to the 18th of next month.

The crackdown will be carried out by pre-analyzing the exchange records by affiliated stores recorded in the integrated gift certificate management system and reports from residents, then directly visiting the target stores to verify illegal circulation.

The main targets of the crackdown are ▲affiliated stores that received or exchanged gift certificates without providing goods or services ▲received or exchanged gift certificates exceeding the actual sales amount ▲engaged in restricted businesses such as gambling ▲refused gift certificate payments or demanded additional charges ▲affiliated store owners who purchased or exchanged gift certificates under another person's name.

If illegal circulation of gift certificates is confirmed, fines of up to 10 million KRW for the first offense, 15 million KRW for the second, and 20 million KRW for the third will be imposed in accordance with the "Act on the Promotion of Use of Local Love Gift Certificates."

Additionally, a fine of up to 5 million KRW will be imposed for refusing or obstructing investigations of violations. Depending on the severity of the case, further measures such as police investigations may be taken.

Voluntary reports or reports of illegal circulation regarding Jangseong Sarang Gift Certificates can be made to the Jangseong-gun Reporting Center.

Jangseong=Honam Reporting Headquarters Reporter Jo Hangyu bless4ya@asiae.co.kr

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