Yongsan-gu, Special Issuance of 15 Billion Won Itaewon Commercial Recovery Vouchers with "10% Discount"
Yongsan Love Gift Certificates to Be Issued on the 3rd and 10th of Next Month
Yongsan-gu, Seoul (District Mayor Park Hee-young) will specially issue 15 billion KRW worth of Itaewon Commercial District Recovery Gift Certificates next month on the 9th to revitalize the local economy near Itaewon.
The certificates will be sold in units of 10,000 KRW and can be purchased at a 10% discounted price. The validity period for using the gift certificates is one year from the date of issuance.
The Itaewon Commercial District Recovery Gift Certificates are mobile gift certificates that can be used like cash at Yongsan Sarang Gift Certificate affiliated stores in the Itaewon commercial district. The maximum purchase limit per person is 700,000 KRW per month, and the holding limit is 1,500,000 KRW. They can be used at about 2,500 Yongsan Sarang Gift Certificate affiliated stores located in Yongsan 2-ga-dong, Itaewon 1·2-dong, Hannam-dong, Seobinggo-dong, and Bogwang-dong, including academies, restaurants, hospitals, pharmacies, convenience stores, etc. The list of usage locations can be checked on the district office website.
The Itaewon Commercial District Recovery Gift Certificates are part of a government-supported project, and usage is restricted at affiliated stores with annual sales exceeding 3 billion KRW. This follows the Ministry of the Interior and Safety’s “Comprehensive Guidelines for Local Love Gift Certificate Issuance Support Project.”
Meanwhile, separately, the district will also issue 14 billion KRW worth of Yongsan Sarang Gift Certificates in two rounds on the 3rd and 10th of next month. These can be purchased at a 5% discounted price and can be used throughout the entire Yongsan-gu area. Both gift certificates can be purchased via the Seoul PAY Plus (SeoulPAY＋) app.
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District Mayor Park Hee-young said, “We expect this issuance of gift certificates to serve as a catalyst to help recover sales in the Itaewon commercial district, which has been sluggish ahead of the Chuseok holiday season,” and added, “We will do our best to increase sales for small business owners and revitalize the local commercial district.”
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