Yangcheon-gu issues ‘Yangcheon Love Gift Certificate’ worth 4 billion won in celebration of Chuseok
Quick Look
- Yangcheon-gu, Seoul, will issue Yangcheon Love Gift Certificates worth 4 billion won starting on the 15th to revitalize the local commercial district and ease the burden of living expenses on residents in celebration of the Chuseok holiday.
- It is sold at a 5% discount through the Seoul Pay Plus app, and the monthly purchase limit per person is 500,000 won and the maximum holding limit is 1.5 million won.
- It can be used at more than 16,000 affiliated stores in Yangcheon-gu, and the district plans to hold various holiday events such as discounts on ritual goods at traditional markets and alley shopping malls during Chuseok.
AI-generated summary
Why It Matters
In celebration of the Chuseok holiday, Yangcheon-gu issued the Yangcheon Love Gift Certificate as a policy to revitalize the local economy and ease the burden of living expenses on residents. This is part of measures to promote consumption in traditional markets and alley shopping streets.
Seoul Yangcheon-gu (District Mayor Lee Ki-jae) announced on the 4th that it will issue 'Yangcheon Love Gift Certificates' worth 4 billion won from 11 a.m. on the 15th to revitalize the local commercial district and ease the burden of living expenses on residents in celebration of the Chuseok holiday.
It is sold at a 5% discount through the Seoul Pay Plus app. The purchase limit per person is 500,000 won per month, and the maximum holding limit is 1.5 million won.
This gift certificate can be used at over 16,000 affiliated stores in Yangcheon-gu.
District Mayor Lee Ki-jae said, "I hope this will ease the burden on residents' shopping carts and provide practical help to local small business owners. Going forward, we will continue to promote local economic policies that can promote local consumption and add vitality to small business owners and local commercial districts."
Meanwhile, in celebration of Chuseok, the district plans to hold holiday events that take advantage of the characteristics of each market, such as discounts on ritual goods, Onnuri gift certificates and coupon refunds, and traditional play experiences, at nine traditional markets and alley-type shopping malls from the 10th to the 21st.
What to Watch
AI outlook — possibilities, not facts
With the issuance of Yangcheon Love Gift Certificates, consumption in Yangcheon-gu will increase during the Chuseok period.
Likely · Within weeks
Sales at traditional markets and alley shopping streets in Yangcheon-gu will increase during Chuseok.
Possible · Within weeks
Open Questions
- What are the sources of funding for the gift certificate issuance budget?
- What are the franchise registration procedures and support details?
- How were the performance and effects of Yangcheon Love Gift Certificate issuance evaluated in the previous year?
