Yeongam-gun Issues 38 Billion Won Worth of Yeongam Love Gift Certificates

Yeongam County will issue 38 billion KRW worth of Yeongam Love Gift Certificates next year to revitalize the local economy. Photo by Yeongam County

[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] Yeongam County announced on the 30th that it will issue 38 billion KRW worth of Yeongam Love Gift Certificates next year to stabilize small business management and revitalize the local economy.

The county has secured 1.8 billion KRW in county funds in advance for the issuance and sale of the "2023 Yeongam Love Gift Certificates" and plans to offer a constant discount of 3% for paper certificates and 5% for card and mobile certificates until the budget is exhausted.

For the Lunar New Year holiday, a special discount rate of 5% for paper certificates and 10% for card and mobile certificates will be temporarily applied in January next year. The Yeongam Love Gift Certificates can be purchased in three types: paper, card, and mobile (QR payment type).

The monthly purchase limit per individual is a total of 1 million KRW, with up to 700,000 KRW for paper and card certificates and 300,000 KRW for mobile certificates. For card certificates, a maximum holding limit of 2 million KRW is allowed.

County Governor Woo Seung-hee said, "Amid economic crises such as reduced consumption, high inflation, and high interest rates, we will do our best to operate the Yeongam Love Gift Certificates so that small business owners and consumers can coexist and be satisfied."

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