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Gwangju Sangsaeng Card 15% Special Discount Ends Early Due to Budget Exhaustion
Finance · Regional Banks · yonhap_finance · 2026-09-04
The 15% special discount promotion for Gwangju's local currency, the Sangsaeng Card, concluded in just two days after the allocated budget was depleted.
What Happened
Early Conclusion of Promotion: The 15% special discount promotion for the Gwangju Sangsaeng Card, launched for the Chuseok holiday, ended just two days after its start. According to Gwangju Bank, the allocated budget of 100 billion won was fully exhausted due to overwhelming demand from local residents.
High Public Interest: The promotion, which allowed users to purchase a 500,000 won prepaid card for 425,000 won, triggered significant interest. Long queues formed at Gwangju Bank branches before opening hours, reflecting strong consumer enthusiasm for the local currency discount.
Standard Discount Remains: Although the special 15% discount has ended, the standard 10% discount rate for the Sangsaeng Card remains in effect. Gwangju Bank officials expressed regret over the early depletion of funds but confirmed that the card's role in supporting the local economy continues.
Economic Impact: The initiative was designed to boost local consumption and alleviate financial burdens on households ahead of the Chuseok holiday. Despite the short duration of the special offer, the event highlighted the robust demand for local currency programs within the region.