Yangcheon District to Issue 4 Billion Won in Yangcheon Sarang Gift Certificates for Chuseok on the 15th... 5% Discount

On September 4, the Yangcheon District Office in Seoul (headed by District Mayor Lee Gijae) announced that in celebration of the Chuseok holiday, it will issue 4 billion won worth of 'Yangcheon Sarang Gift Certificates' at a 5% discount, starting at 11 a.m. on September 15, to boost the local economy and ease the cost-of-living burden for residents.

Last year before Chuseok, Lee Kijae visited the traditional market. Provided by Yangcheon District Office.

The Yangcheon Sarang Gift Certificate is a local currency designed to stimulate local spending and support small business owners by offering consumers a 5% discount and a 30% income tax deduction, while allowing affiliated merchants to accept payments without transaction fees.

Purchases can be made via the Seoul Pay Plus (SeoulPay+) app, with a limit of up to 500,000 won per person per month and a maximum holding limit of 1.5 million won. The certificates are accepted at around 16,000 affiliated merchants in the district, including pharmacies, restaurants, and markets registered with SeoulPay+. However, usage is restricted at large retailers and certain businesses such as those involving speculative activities.

The certificates are valid for five years from the date of issuance. If they remain completely unused, the purchase can be canceled at any time regardless of the period. If at least 60% of the face value has been used, the remaining balance can be refunded.

The district expects that the issuance of these gift certificates will help reduce the increased household expenses associated with holiday shopping, contribute to higher sales for local small business owners, and revitalize local shopping districts.

In addition, from September 10 to 21, the district plans to hold various holiday events in nine traditional markets and community shopping alleys, such as discounts on ancestral rite items, Onnuri voucher and coupon redemption, and traditional games, to help residents shop more affordably.

District Mayor Lee Gijae said, "I hope that the Yangcheon Sarang Gift Certificate, issued for Chuseok, will help ease the shopping burden for residents and provide tangible support for local small business owners," adding, "We will continue to promote economic policies that encourage local spending and inject vitality into the local economy and small business community."

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