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BackSeodaemun-gu issues 3 billion won worth of Seodaemun Love gift certificates and holds a direct transaction market in celebration of Chuseok
Seodaemun-gu issues 3 billion won worth of Seodaemun Love gift certificates and holds a direct transaction market in celebration of Chuseok
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연합뉴스56 minutes agoBusiness2 min readSouth KoreaView original

Seodaemun-gu issues 3 billion won worth of Seodaemun Love gift certificates and holds a direct transaction market in celebration of Chuseok

Quick Look

  • In celebration of Chuseok, Seodaemun-gu in Seoul announced that it would issue Seodaemun Love Gift Certificates worth 3 billion won from 4 p.m. on the 17th and open a direct sales market at Hongje Falls Square and Cafe Falls Terrace on the 18th and 19th to sell Korean beef, fruits, and local specialties at up to 40% cheaper than the market price.
  • Participating companies voluntarily donate up to 5% of the event proceeds to help neighbors.

AI-generated summary

Why It Matters

Seodaemun-gu has been running a direct market and issuing love gift certificates every year during Chuseok to revitalize the local economy and ease the burden on residents' shopping carts.

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Seodaemun-gu, Seoul (Chief Park Woon-ki) announced on the 16th that it will open the '2026 Chuseok Direct Transaction Market' in the area of ​​Hongje Falls Square and Cafe Falls Terrace from 10 a.m. to 5 p.m. on the 18th and 19th.

At the market, 57 companies from 33 cities and counties across the country will present about 300 items, ranging from holiday items such as Korean beef, apples and pears, to local specialties such as gulbi and deodeok, and gift items such as flower tea.

By reducing the distribution stage, it is sold at a lower price than the market price. The district said, “The discount rate for some items is up to 40%,” and “Korean beef will be sold 20 to 25% cheaper than the market price depending on the item, which will ease the burden on residents’ shopping carts ahead of Chuseok.”

At the market, businesses such as Seodaemun-gu's Baekryun Market, Yeongcheon Market, Eugene Shopping Center, Hongje Alley-type Shopping Mall, Good Price Store, and Sinchon Youth Food Store participate and sell a variety of food such as gimbap, tteokbokki, sundae, dumplings, steamed buns, hot dogs, small rice cakes, pretzel rolls, and coffee.

Participating companies voluntarily donate up to 5% of the event proceeds to help neighbors.

In addition, the district will issue Seodaemun Love Gift Certificates worth 3 billion won starting at 4 p.m. on the 17th to ease the burden on shopping carts and increase neighborhood consumption ahead of Chuseok. This is an increase of 1 billion won from last year’s Chuseok issuance (2 billion won).

It is sold at a 5% discount on the Seoul Pay Plus app.

What to Watch

AI outlook — possibilities, not facts

  • Seodaemun Love Gift Certificate may be sold out early

    Likely · Within days

  • Effect of revitalizing local economy due to increase in direct market visitors

    Possible · Within weeks

Open Questions

  • What is the actual usage rate of the total amount of gift certificates issued?
  • What is the specific fundraising goal for helping neighbors?
  • How many visitors are expected during the event?

Related Topics

This article was originally published by 연합뉴스.

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