"Changnyeong Sarang Gift Certificates 'Kkang' Scam: Trying to Make Small Money Ends Up Bearing 20 Million Won Loss!"

Changnyeong-gun Intensifies Crackdown to Establish Sound Distribution Order

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Wook] In response to concerns that public funds are being wasted due to the fraudulent circulation of ‘local gift certificates’ issued competitively, local governments in the province have launched a joint crackdown.

Changnyeong County will form an inspection team and conduct a comprehensive crackdown on the fraudulent circulation of Changnyeong Sarang Gift Certificates from the 7th to the 25th of this month.

The targets of the crackdown include ▲receiving or exchanging gift certificates without selling goods or providing services (commonly known as ‘Kkang’) ▲operating restricted businesses such as gambling industries or entertainment establishments ▲treating gift certificates less favorably than cash when selling goods, among others.

Upon detection, fines of up to 20 million KRW will be imposed according to relevant laws, and any unfair profits will be recovered.

The county conducted a special inspection in August following the Ministry of the Interior and Safety’s special crackdown plan and intends to establish a sound circulation order for local Sarang gift certificates through the second half’s joint crackdown.

A county official stated, “We operate the Changnyeong Sarang Gift Certificate to revitalize the local economy and protect local small business owners. Active interest from users and affiliated stores is necessary to prevent the purpose from being undermined by a small number of fraudulent cases.”

He added, “Since paper-type gift certificates are vulnerable to fraudulent circulation, we will continuously promote compliance requirements to affiliated stores and users to ensure a sound circulation order is established.”

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