Gwangju City Improves Operation Method of Sangsaeng Prepaid Card

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 30th that it will improve the operation method of the ‘Gwangju Sangsaeng Card,’ including the rechargeable use of prepaid cards, and implement it from the 1st of next month.

Until now, the prepaid type, which accounts for about 50% of the issuance of the Gwangju Sangsaeng Card, could not receive discount benefits when recharging, so it was practically used as a single-use card.

Accordingly, Gwangju City has improved the computer system since the end of last year to allow discount benefits even when recharging prepaid cards.

In particular, it has been improved so that recharging is possible through smart banking, internet banking, etc., achieving not only convenience for users in purchasing and using but also resource-saving effects.

Additionally, if more than 60% of the prepaid card is used, the remaining balance can be refunded. At this time, among the amount that was uniformly discounted at the time of purchase according to the face value, the refund is processed by settling only the amount used at the time of the refund application.

For example, when purchasing a prepaid card worth 500,000 won, a 10% discount of 50,000 won is uniformly applied. If a refund is requested after using 60%, which is 300,000 won, 180,000 won is refunded excluding the 20,000 won discount amount corresponding to the unused balance of 200,000 won.

Also, in response to the recent COVID-19 outbreak and the resulting contraction of the local economy, Gwangju City has expanded the issuance target amount of the Gwangju Sangsaeng Card for this year from the original 300 billion won to 400 billion won, and decided to extend the 10% special discount, which was scheduled until this month, until June.

Park Du-jin, head of the City’s Livelihood Economy Division, said, “We will continuously improve services from the user’s perspective to revitalize the Gwangju Sangsaeng Card, and promote the expansion of issuance scale so that the Gwangju Sangsaeng Card contributes to overcoming the COVID-19 economic crisis.”