Yeongyang-gun Cancels Registration of Yeongyang Sarang Gift Certificate Franchisees with Annual Sales Exceeding 3 Billion KRW from September 1

Yeongyang-gun, Gyeongbuk Province, will restrict the usage of Yeongyang Love Gift Certificates to businesses with annual sales of 3 billion KRW or less starting from September 1, in accordance with the Ministry of the Interior and Safety's "2023 Comprehensive Guidelines for Local Love Gift Certificate Issuance Support Project."

Nutrition Love Gift Certificate.

This decision aims to focus support on relatively small-scale small business owners in line with the original purpose of issuing local love gift certificates, which is to protect small business owners and revitalize the local economy.

Yeongyang-gun has selected 29 businesses exceeding 3 billion KRW in annual sales, such as local agricultural cooperative Hanaro Mart, gas stations, and large marts, completed prior notification and collection of opinions, and plans to cancel their merchant registrations as scheduled on September 1.

Additionally, the status of merchants subject to registration cancellation will be announced through the county website and neighborhood newsletters.

However, policy-issued Yeongyang Love Gift Certificates, such as those for farmers' allowances, disaster relief funds, and hometown love donation return gifts, can still be used at merchants whose registrations are canceled as before.

County Governor Oh Do-chang stated, "This restriction on Yeongyang Love Gift Certificate merchants is intended to support small business owners and restore local shopping districts. Although inconvenience to local residents is expected, we ask for the understanding and cooperation of the residents as this is being implemented nationwide. We will focus administrative efforts on active promotion to minimize confusion among residents and plan to make recommendations to relevant departments to ensure policies suit rural areas."

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