Police Conduct Special Crackdown on Illegal Activities Involving 'Card Cashing' and Consumer Coupons for Livelihood Recovery

[Financial News] The police are launching a crackdown on crimes using consumer coupons for livelihood recovery.
The National Investigation Headquarters of the National Police Agency announced on the 24th that they will conduct a special crackdown on the illegal distribution of consumer coupons until the end of November, the consumption deadline.
First, they will crack down on 'card cashing', where gift certificate affiliates or stores process consumer coupons as card payments without actual merchandise transactions and then return the money in cash. If a store processes a consumer coupon payment without selling 150,000 won worth of food and gives the consumer 120,000 won at a 20% discount, it will be subject to crackdown.
False sales occurrences, where consumer coupons are purchased at a discount without merchandise transactions at affiliates and then exchanged for cash by deceiving the state or card companies, are also subject to crackdown. Personal direct transaction fraud under the guise of discount sales on second-hand trading platforms, and transferring credit or debit cards credited with consumer coupons to others, are illegal.
The police will monitor illegal distribution activities of consumer coupons and conduct investigative recognition focusing on cyber investigation teams and anti-corruption investigation teams at provincial and city police agencies nationwide.
Various civil complaints will be handled by deploying intelligence teams from local police stations for crackdowns. Crime proceeds will be tracked to the end for confiscation and preservation before prosecution.
The National Investigation Headquarters stated, "We will thoroughly track and sternly punish acts that take undue advantage contrary to the purpose of consumer coupon distribution."
unsaid@fnnews.com Kang Myeong-yeon Reporter