Suncheon Love Gift Certificate Offers 18% Discount Linked to "Korea Grand Festival"
Up to 50,000 Won in Rewards
A Catalyst for Local Economic Recovery
Suncheon City will provide an additional 5% refund when paying with the mobile Suncheon Love Gift Certificate during the "Korea Grand Festival," which runs until November 9. Provided by Suncheon City
View original imageSuncheon City in South Jeolla Province announced on October 31 that it will provide an additional 5% refund when paying with the mobile Suncheon Love Gift Certificate during the 12-day "Korea Grand Festival," which runs until November 9.
The "Korea Grand Festival" is a nationwide consumption promotion event initiated by the government to boost domestic demand, offering a variety of discount benefits. The city is actively participating in this event, aiming to expand tangible consumer benefits for citizens and to serve as a catalyst for revitalizing the local economy.
During the festival period, citizens using the mobile Suncheon Love Gift Certificate will receive an additional 5% refund on top of the existing 13% upfront discount, resulting in a maximum effective discount of 18%.
The additional 5% refund will be fully funded by the national government and can be accumulated up to a maximum of 50,000 won per month during the festival period (25,000 won each in October and November), within a monthly payment limit of 500,000 won. However, the event may end early if the budget is exhausted.
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A city official stated, "We hope that this refund event will allow citizens to enjoy real benefits and help restore local consumption," adding, "We expect that the virtuous cycle of consumption through local currency will have a positive impact on the overall local economy."
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