Jeongeup City Issues 80 Billion Won in Sarang Gift Certificates to Boost Local Economy

Monthly Purchase Limit: 500,000 Won Per Person, Annual Limit: 5,000,000 Won

Jeongeup City in North Jeolla Province announced on the 24th that it will issue Jeongeup Sarang Gift Certificates worth 80 billion KRW next year to strengthen the competitiveness of citizens and small business owners struggling due to the economic downturn. This is an increase of 20 billion KRW compared to this year's issuance of 60 billion KRW.

Jeongeup Love Gift Certificate, provided by Jeongeup City

Next year, the issuance method will change from quarterly to monthly, with a steady issuance of 6 billion KRW each month. In particular, to enhance consumer convenience during the holiday seasons, 10 billion KRW will be issued in both January and September, ahead of Seollal and Chuseok.

The purchase limit is set at 500,000 KRW per person per month, with an annual maximum of 5 million KRW, and the holding limit is set at 1.5 million KRW per person. However, for the 10 billion KRW issued in January and September, individuals can purchase up to 700,000 KRW per month.

The gift certificates will be available for purchase from 8 a.m. on the first day of each month at a 10% discount. They can only be used at stores registered as Jeongeup Sarang Gift Certificate affiliates within the region, aiming to prevent local funds from leaking outside and to promote a virtuous cycle in the local economy.

Jeongeup Sarang Gift Certificates have received great support from citizens and are found to contribute significantly to revitalizing the local economy. As of last month, there were about 63,000 subscribers, and this year’s certificates were sold out early in the month, indicating their popularity.

The city plans to actively promote the program so that more local small business owners can register as affiliates.

Mayor Lee Haksoo said, “Jeongeup Sarang Gift Certificates play an important role in promoting local commercial consumption, preventing the outflow of funds, and establishing a virtuous cycle in the local community. We ask for your continued interest and cooperation.”

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