The government pulled out a knife when a case of secondhand trading of consumer coupons for people’s..

Both sellers and buyers will be punished for the government’s emergency response to the spread of attempts to cash in consumption coupons…Application for maximum three-year imprisonment year of birth…Reception by September 12th

사진 확대 On the 21st, when applications for consumption coupons for the recovery of people’s livelihoods began, they are receiving consumption coupons applied by citizens at the Geoyeo 2-dong Community Center in Songpa-gu, Seoul. [Photo = Yonhap News]

The government pulled out a knife when a case of secondhand trading of consumer coupons for people’s livelihood recovery was caught. If a consumer coupon is sold back and cashed in, not only the seller but also the buyer could face up to three years in prison.

Cashing a discount rate on a consumption coupon…It’s less supportive

사진 확대 Cashing out consumption coupons on Carrot Market, a second-hand trading platform. [Picture = X (old Twitter) Capture]

According to the distribution industry on the 22nd, on the 21st, when the payment and application of consumption coupons began, posts were posted one after another to sell consumption coupons for people’s livelihood recovery at Carrot Market, Used Country, and Lightning Market. The plan was to sell a prepaid card with 150,000 won charged for 130,000 won in cash.

A carrot market user wrote, “Please return it to the account instead of paying in units of 10,000 won and 5,000 won from the date when the support fund is available,” adding, “I have nothing to buy at the franchise store with the support fund.” Like the gift certificate “Gang,” it is a method of cashing consumption coupons with a discount rate.

As the controversy grew, the industry began to come up with measures. Currently, most consumer coupon sales posts posted at Carrot Market and Lightning Market have been deleted. Each used trading platform also blocked related search terms such as ‘consumption coupon’ and ‘people’s livelihood support fund’.

Consumption coupons can only be used at stores with annual sales of less than 3 billion won, excluding large discount stores, department stores, and entertainment establishments within the address range according to resident registration. However, if coupons are converted into cash, they are likely to lead to consumption in large supermarkets or large corporations’ direct stores, which reduces the effectiveness of supporting small business owners.

Reparation of the amount of aid and punishment of up to three years in prison

사진 확대 Citizens are applying for consumption coupons at Ingye-dong Administrative Welfare Center in Suwon-si, Gyeonggi-do, on the 21st, the first day of the first application for consumption coupons for people’s livelihood recovery. [Photo = Yonhap News]

The Ministry of Public Administration and Security decided to strengthen management of consumption coupons as illegal acts of illegal use of consumption coupons. When cashing in consumption coupons, all or part of the amount of support must be returned in accordance with the ‘Act on Subsidy Management’. It will also be subject to sanctions, including additional fines and restrictions on future subsidies.

Sellers who illegally profit by selling consumption coupons will also be punished. If you post a false sale or receive a larger amount than the actual amount, you will be sentenced to up to three years in prison or fined up to 20 million won under the Specialized Credit Finance Business Act. Under the criminal law, criminal punishment can also be imposed for “fraud.” This is because it can be judged as an act of deceiving the government and taking property benefits different from its original purpose.

Consumers who use consumption coupons will also receive consumption coupons without trading goods, or if they are caught cheating such as currency exchange, they will be canceled from the franchise and fined up to 20 million won.

The Ministry of the Interior and Safety also asked each local government to operate a consumption coupon fraudulent distribution reporting center to crack down on merchants from time to time and strengthen management and supervision to prevent individual transactions in online communities.

However, there are concerns that consumption coupons may be cashed out in a more sophisticated way. An official of a used trading platform said, “At the time of COVID-19, there were cases where disaster support funds were initially posted so that they would not be caught in crackdown.”

On the 22nd, the last digit of the year of birth is applied for February 7th

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Meanwhile, consumption coupons that will be paid to restore the local economy can be applied in various ways, including credit, check cards, prepaid cards, and local love gift certificates, until 6 p.m. on September 12. On the 21st, the first day of the first application, 6,975,642 people, 13.8% of the total applicants, applied.

Considering that applications may flock, this week, the day of the week system is applied based on the last digit of the birth year. You can apply for this day if the last digit of the year of birth is 2 or 7. Online applications such as credit card companies’ websites can be applied 24 hours a day, and offline applications such as community centers can be applied from 9 a.m. to 6 p.m. (bank branches until 4 p.m.) except weekends.