Jeonnam Province and Korea Minting, Security Printing & ID Card Corporation Sign Agreement to Revitalize Local Economy

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jeonnam Province announced on the 19th that it signed a business agreement with the Korea Minting and Security Printing Corporation to enhance convenience in using local love gift certificates and revitalize the local economy through the establishment of the 'Jeonnam Happiness Local Currency Metropolitan Platform.'

This follows Jeonnam Province being selected as the priority pilot project operator for the Korea Minting and Security Printing Corporation's local currency metropolitan platform construction project. The signing ceremony was attended by Jeonnam Governor Kim Young-rok, Korea Minting and Security Printing Corporation President Ban Jang-sik, and other officials.

According to the agreement, the two organizations will cooperate on ▲strengthening collaboration for stable operation of the metropolitan platform ▲establishing an organic cooperative system among the corporation, province, and city/counties for the development of Jeonnam Happiness Local Currency ▲maximizing convenience for residents and tourists through payment linkage of additional services such as the Jeonnam Province shopping mall connected with Jeonnam Happiness Local Currency and advancement of policy allowances.

The Korea Minting and Security Printing Corporation will develop a dedicated app for Jeonnam Happiness Local Currency in the first half of 2023, enabling the purchase and use of 22 local love gift certificates from Jeonnam in a single app.

Through the 'Jeonnam Happiness Local Currency Metropolitan Platform Construction,' the province expects to monitor the issuance and suspected fraudulent circulation of local currency and provide various lifestyle convenience services such as delivery, shopping, and policy allowance support by utilizing big data produced independently.

Governor Kim Young-rok said, "To ensure the stable settlement and activation of local currency, it is important to increase consumer accessibility so that gift certificates can be easily purchased and used."

President Ban Jang-sik stated, "We will develop a metropolitan platform that anyone can use safely and conveniently, allowing many people to benefit, thereby contributing to the revitalization of the local economy and mutually beneficial, balanced development."

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