Issuance of 'Seongbuk Sarang Gift Certificates' (4 Billion KRW) for 2024 Lunar New Year Holiday

Issuance of 4 Billion Won Seongbuk Sarang Gift Certificates at 9 AM on the 30th
Up to 500,000 Won Purchase per Person per Month at 5% Discount, Maximum Holding of 1.5 Million Won
To Bring Abundance to Small Business Owners and Residents Ahead of Seol Holiday

Seongbuk-gu, Seoul (Mayor Lee Seung-ro) will issue the Seongbuk Love Gift Certificate worth 4 billion KRW starting from 9 a.m. on January 30, 2024, to help small business owners and Seongbuk-gu residents feel the abundance of the Lunar New Year holiday.

Consumers can purchase up to 500,000 KRW per person at a 5% discount off the face value of the gift certificate. The holding limit is 1.5 million KRW. Purchases can be made through five apps: ▲Seoul Pay+ ▲Shinhan Sol Pay ▲T-money Pay ▲Money Tree ▲Shinhan Sol Bank, and the purchased gift certificates can be used at 9,697 affiliated stores within Seongbuk-gu.

The issuance of the Seongbuk Love Gift Certificate is a regional economic revitalization measure aimed at stimulating private consumption and boosting sales for small business owners through gift certificate discounts, amid ongoing difficulties in residents' finances due to high inflation and high interest rates.

Residents have long requested an increase in the purchase amount and discount rate of the Seongbuk Love Gift Certificate, and the fact that it sells out within minutes each time it is issued proves this demand. The need and demand for gift certificates to revitalize the local economy are very high.

Lee Seung-ro, Mayor of Seongbuk-gu, said, “We are making efforts to revitalize the small business economy and support local stores during the Lunar New Year holiday. In April, the sales agency for the Seoul Love Gift Certificate will change, and once the transfer is completed, we plan to issue as many Seongbuk Love Gift Certificates as possible. Although the situation is difficult due to cold weather, high inflation, and high interest rates, I believe that our economy in daily life will warm up along with the coming warm spring. I wish all Seongbuk-gu residents a happy new year.”

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