Reform of Gimhae Sarang Gift Certificate Merchant Registration, Annual Sales Limit Set at 3 Billion KRW

Gimhae City in Gyeongnam Province will revamp the registration criteria for Gimhae Sarang Gift Certificate affiliated stores, focusing mainly on small and micro businesses, starting from the 31st of this month.

The city announced on the 10th that, in accordance with the 2023 Regional Love Gift Certificate Issuance Support Project Comprehensive Guidelines from the Ministry of the Interior and Safety, registration of affiliated stores with annual sales exceeding 3 billion KRW will be restricted, and existing registrations of such stores will be canceled.

This is to operate the project in line with the purpose of issuing the Regional Love Gift Certificate, which supports small business owners and revitalizes the local economy.

Gimhae City Hall, Gyeongnam. [Photo by Gimhae City Hall]

According to the city, 948 out of 30,725 affiliated stores will have their registrations canceled due to this revision, accounting for 3% of the total.

This includes large supermarkets, large hospitals, some gas stations, and convenience store parcel services.

The city plans to individually send cancellation notification letters to the affected stores within this month, based on credit card sales data from credit card companies.

Announcements will also be made through the mobile gift certificate app, the city’s official website, and social networking services (SNS).

A city official stated, “We will do our best to provide policy guidance and publicity to minimize confusion among citizens and business stakeholders due to the changes in the Gimhae Sarang Gift Certificate affiliated store registration criteria.”

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