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[BUSINESS] · South Korea · 2 sources

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Seongbuk-gu issues 20 billion won in local gift certificates

Seongbuk-gu in Seoul is issuing its final 20 billion won installment of ‘Seongbuk Love Gift Certificates’ for the year. The sale begins at 9:00 AM on October 27 via the Seoul Pay+ app.

Users can purchase up to 500,000 won per month, with a maximum holding limit of 1.5 million won. The certificates offer a 5% upfront discount and a 5% payback in gift certificates upon use. During the ‘2026 Korea Grand Festival’ from October 29 to November 15, an additional 5% payback will be provided on a first-come, first-served basis, bringing total benefits to up to 15%.

The certificates can be used at approximately 15,000 merchants, including traditional markets, restaurants, and academies within the district. This final issuance brings the total volume of gift certificates issued this year to 100 billion won. Previous issuances have seen high demand, with 83% of the 66.4 billion won issued as of mid-October already circulated within the local economy.

Entities

Korea Grand Festival · Lee Seung-ro · Seongbuk-gu · Seoul Pay+