This Chuseok, Yeongdeungpo Sarang Gift Certificates (16 Billion KRW) with 7% Discount Benefits

160 Billion KRW Issued for 'Yeongdeungpo Love Gift Certificates' on September 13 and 20 at 4 PM... Up to 500,000 KRW per Person at 7% Discount via 5 Apps Including SeoulPay+

Yeongdeungpo-gu (District Mayor Choi Ho-kwon) announced that it will invigorate the local economy by issuing the ‘Yeongdeungpo Love Gift Certificate’ worth 16 billion KRW in two phases on September 13 and 20 to celebrate Chuseok.

The Yeongdeungpo Love Gift Certificate is a prepaid mobile gift certificate that can be used within Yeongdeungpo-gu. Since 2020, the district has been issuing the Yeongdeungpo Love Gift Certificate to revitalize neighborhood businesses and alleviate household burdens caused by rising prices.

This issuance amount has increased by 3 billion KRW from the 13 billion KRW issued during this year’s Lunar New Year to 16 billion KRW, thanks to strong demand. Additionally, to minimize purchase delays caused by simultaneous app access, the issuance will be conducted in two phases.

The first issuance of the Yeongdeungpo Love Gift Certificate will be on September 13 at 4 PM, worth 9 billion KRW, and the second issuance will be on September 20 at 4 PM, worth 7 billion KRW.

The Yeongdeungpo Love Gift Certificate can be purchased at a 7% discount through five applications: ▲SeoulPay+ ▲T-money Pay ▲Shinhan SOL ▲Moneytree ▲Shinhan Play. The purchase limit is 500,000 KRW per person per month, and the holding limit is 1,500,000 KRW.

Purchased Yeongdeungpo Love Gift Certificates can be used at approximately 13,900 affiliated stores located in Yeongdeungpo-gu, excluding large supermarkets and department stores.

Consumers receive a 30% year-end tax deduction on income when paying with the gift certificate, and affiliated stores are exempt from payment fees.

The usage period is within five years from the purchase date. If unused, the gift certificate can be canceled (full refund if unused), and if more than 60% of the face value is used, the remaining balance can be refunded. However, if the gift certificate was purchased with a credit card, only cancellation is possible; balance refunds and gifting are not allowed.

For inquiries regarding the Yeongdeungpo Love Gift Certificate, please contact the Local Economy Division for detailed guidance.

Choi Ho-kwon, Mayor of Yeongdeungpo-gu, said, “I hope the Yeongdeungpo Love Gift Certificate will help increase sales for self-employed and small business owners,” and added, “I wish all residents a bountiful Chuseok with the Yeongdeungpo Love Gift Certificate.”

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