Yeoju City Launches Crackdown on Fraudulent Use of 'Minseong Recovery Consumption Coupon' Merchant Locations

Enforcement Campaign on 'Minseong Recovery Consumption Coupon' Use
and Merchant Fraud Prevention Runs Through November 30

Yeoju City in Gyeonggi Province announced on August 12 that it has launched an enforcement campaign from August 1 through November 30 to monitor the use of the 'Minseong Recovery Consumption Coupon' and to prevent fraudulent activities at Yeoju Sarang Card merchant locations.

Yeoju City 'Minseong Recovery Consumption Coupon' Usage Locations and Yeoju Sarang Card Merchant Fraud Prevention Poster. Provided by Yeoju City

The main targets of the enforcement include: ▲ accepting gift certificates at locations that are not designated as official 'Minseong Recovery Consumption Coupon' merchants; ▲ receiving or exchanging gift certificates without the sale of goods or provision of services; ▲ receiving or exchanging gift certificates through transactions that exceed the actual sales amount; ▲ operating a merchant business in a restricted industry; ▲ refusing payment or providing less favorable treatment compared to other payment methods; and ▲ other cases deemed necessary for enforcement.

This crackdown on fraudulent distribution will be carried out by visiting and verifying suspicious sites based on reports received through the reporting center. An official from the Yeoju City Job and Economy Department stated, "To ensure that the Minseong Recovery Consumption Coupon and local currency are used for their intended purposes, both users and merchants must work together to establish a sound distribution culture," requesting cooperation from all parties involved.

If fraudulent activities are detected, penalties for local gift certificates may include cancellation of merchant registration and administrative fines of up to 20 million KRW in accordance with relevant laws. In the case of credit or debit cards, violations may result in imprisonment for up to three years or fines of up to 20 million KRW. Additionally, refusal, obstruction, or evasion of investigations into violations may result in administrative fines of up to 5 million KRW.

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