Seoul Launches โฉ275.5 Billion ‘Seoul Love Gift Certificate’ too Boost Local Economy
Seoul,โฃ South Korea – September 8, 2025 – The City of Seoul today announced the issuanceโ of โฉ275.5 billion (approximately $212.4 million USD) in “Seoul Loveโ Gift Certificates” designed to stimulate the โขlocal economyโ and provide relief to both businesses and residents facing โeconomicโฃ headwinds ahead of the holiday season. the โcertificates will be available for purchase atโฃ a 7% discount, offering consumers โadded value while directing spending towards local establishments.
This initiative directly addresses growing โconcerns about aโข domestic economic slowdown. Lee Hae-sun, Director of Labor and Labor for Seoul, explained that the discounted certificates are “expected to be a practical help to small businesses and citizens who are struggling with theโ domestic recession ahead of the holidays.” The program aims to revitalize local commerce by encouraging spending within the city, particularly benefiting smallโค and medium-sized enterprises (SMEs).The Seoul Love Gift certificates operate continuously, offering flexibility for both purchasers and recipients. Seoul officials stated they will continue to pursue various policy measures to bolster the local economy and ensure public welfare, emphasizing a โcommitment โขto ongoing support for businesses and citizens.โข The certificates are intended โto provide anโ immediate economic boost while laying โคthe groundwork for sustained recovery.