Local Love Gift Certificates Bill Passes National Assembly Committee

The bill to revitalize the use of local love gift certificates and the revision of the local currency law, a key part of the Democratic Party of Korea’s party platform, has passed the National Assembly’s Public Administration and Security Committee.

The amendment includes a provision requiring the government to provide financial support to local governments that issue local love gift certificates, aiming to boost local economies.

Lawmakers from the People Power Party opposed the bill, arguing that it would impose a significant financial burden on the country by mandating cash handouts. However, Democratic Party lawmakers successfully passed the bill by a majority vote, emphasizing its potential to revitalize local economies.

The Democratic Party plans to review the amendment further through the Legislation and Judiciary Committee, with the aim of processing it at the plenary session on the 26th.

Reported by YTN Na Hye-in