Do you need sales incentives to inspire or reward your employees?
Do you need sales incentives to inspire or reward your employees?
A gift card from GoGift can do exactly that!
A gift card from GoGift can do exactly that!
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
🎁 Corporate gifting? Make it easy with The Global Gift Card
GENERAL FACTS ON
South Korea
52M
Population
Seoul
Capital
Korean
Official language
Korean Republic won
Currency
National holidays
South Korea gift card market size
In value terms, the gift card market in South Korea has experienced robust growth, with a CAGR of 9.7% during 2020-2024. The gift card industry in South Korea will continue to grow over the forecast period and is expected to record a CAGR of 7.4% during 2025-2029. The gift card market in the country will increase from US$ 6,98 billion in 2024 to reach US$ 10,07 billion by 2029.
As customers shift from gifting material gifts to preferring experiences, the market for gift cards has greatly risen. While physical gift cards initially had limited retailer acceptance, the rise of digital gift cards has increased their adoption, making them a convenient gifting option for consumers, whether family and friends, employees or customers.
The COVID-19 pandemic strongly accelerated the shift towards online shopping and digital transactions, spilling over to the gift card market. As a country known for its rapid adoption of new technologies, it is to be expected that innovations in the gift card industry, such as increased security or AI-integrations, will support the thus far steady growth of the gifting market.
South Korea gifting traditions
Cultural roots and core values: South Korea has a deeply rooted cultural identity, shaped by values such as hard work, filial piety, and modesty. Also, increasing globalization is introducing more diverse influences into its society.
Gift-Giving tradition: In Korea, gift-giving is a reflection of tradition and modernity, emphasizing politeness, reciprocity, and humility.
Cultural norms: In traditional Korean etiquette, it is common for recipients to initially refuse a gift as a sign of humility before accepting it. This is a cultural norm, signifying manners and humility, rather than rejection.
Significant gifting occasions: Monetary gifts are customary for weddings, birthdays, and funerals, symbolizing prosperity. Major holidays like Chuseok (Thanksgiving) and Seollal (New Year), as well as milestone birthdays (1, 60, 70, 80), are key times for exchanging gifts.
Reciprocity in invitations: Invitations to events should be reciprocated with a small gift, underscoring appreciation and respect.
Corporate gifting: Corporate gifting is common in South Korea, yet businesses must be ready to navigate anti-bribery laws, such as the Kim Young-ran Act, which limits the value of gifts given to public officials and professionals in regulated fields.
Emerging self-gifting trend: Younger generations are embracing self-gifting as a reflection of growing individualism within Korean society.
Navigating gift-giving: Whether in business or personal settings, gift-giving in Korea should be approached with respect for tradition, reciprocity, and evolving cultural norms.
Gift card regulations in South Korea
Here are some general points about gift card regulations in South Korea as of January 2024:
Gift cards may be valid anywhere from 30 days to 5 years, but this date should be clearly indicated
Under the Kim Young-ran Act, public officials and professionals in regulated fields are subject to restrictions on gift values, with limits typically ranging from ~$26 for general benefits to ~$44 for special occasions. These regulations are periodically updated, so businesses should verify current limits.
It's important to note that regulations may change, so always check the latest guidelines with Korea (Republic Of)'s government or appropriate regulatory bodies. Moreover, the specifics and prerequisites might differ based on the gift card type, its provider, and other considerations.
If you're considering buying or utilizing gift cards in Korea (Republic Of), ensure you read the issuer's terms and conditions and consult with legal experts if necessary
Popular gift cards in Korea (Republic Of)
Starbucks: Daily moments are elevated with the gift of a Starbucks gift card, the ever-more popular coffee chain for Korean caffeine enthusiasts
Google Play: Ignite the imagination of any tech-savvy person with the boundless possibilities of Google Play, offering a gateway to a world of apps, games, and entertainment
Happy Money: Happy Money gift cards are popular prepaid vouchers in South Korea, accepted at major retailers, restaurants, and entertainment venues, making them a versatile gifting option
GS25: Unlock a world of convenience with GS25, the perfect gift card for those on the go, providing access to a plethora of snacks, drinks, and everyday essentials available 24/7
Gong Cha: Delight the taste buds of tea enthusiasts with Gong Cha, a gift card that opens the door to a realm of exquisite flavours and delightful moments of respite
Tripgift: Gift the thrill of adventure, an ideal present for wanderlust-stricken souls, offering the promise of unforgettable experiences and cherished memories in beautiful destinations
Benefits of B2B gifting in Korea (Republic Of)
Elevate Business Relationships: In Korean business culture, respect and personal connections are key. A well-chosen corporate gift can strengthen relationships, moving them beyond the basic stages and into deeper, more meaningful partnerships
Enhance Reciprocity: Corporate gifting aligns with the cultural expectation of reciprocity, demonstrating attention to detail and respect for the business partner, which can lead to more fruitful collaborations
Add a Human Touch: Gifting in South Korea can enhance business relationships, but companies must be mindful of laws and customs to ensure that gifts are not seen as improper. Having a mindful approach, gifts can transform transactions into shared experiences that create lasting bonds.
Strengthen Face-to-Face Interactions: In a culture that values in-person meetings, corporate gifts show appreciation for these interactions, adding warmth and humanity to business exchanges in the urban jungles of Seoul or Busan
The Global Gift Card
Want to break through the formal layers of Korean business etiquette and build solid business relationships? Consider gifting with intention around Seollal or Chuseok—just the right moment to surprise colleagues or clients. With GoGift, you can offer a thoughtful gift that’s as effective as the perfect bow.