diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index 11e8060..db709de 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -220,6 +220,7 @@ model User {
   adminNotifications  AdminNotification[]  @relation("AdminNotificationCreator")
   ipBlocksCreated     IPBlock[]            @relation("IPBlockCreator")
   postViewLogs        PostViewLog[]        @relation("PostViewLogUser")
+  couponRedemptions   CouponRedemption[]
 
   @@index([status])
   @@index([createdAt])
@@ -583,3 +584,35 @@ model PasswordResetToken {
   @@index([userId, expiresAt])
   @@map("password_reset_tokens")
 }
+
+// 쿠폰
+model Coupon {
+  id          String   @id @default(cuid())
+  code        String   @unique
+  title       String
+  description String?
+  stock       Int      @default(0) // 총 재고
+  maxPerUser  Int      @default(1) // 1인당 제한
+  expiresAt   DateTime?
+  active      Boolean  @default(true)
+  createdAt   DateTime @default(now())
+
+  redemptions CouponRedemption[]
+
+  @@index([active, expiresAt])
+  @@map("coupons")
+}
+
+model CouponRedemption {
+  id        String   @id @default(cuid())
+  couponId  String
+  userId    String
+  createdAt DateTime @default(now())
+
+  coupon Coupon @relation(fields: [couponId], references: [id], onDelete: Cascade)
+  user   User   @relation(fields: [userId], references: [userId], onDelete: Cascade)
+
+  @@unique([couponId, userId])
+  @@index([userId, createdAt])
+  @@map("coupon_redemptions")
+}
diff --git a/src/app/api/coupons/redeem/route.ts b/src/app/api/coupons/redeem/route.ts
new file mode 100644
index 0000000..7814b33
--- /dev/null
+++ b/src/app/api/coupons/redeem/route.ts
@@ -0,0 +1,25 @@
+import { NextResponse } from "next/server";
+import prisma from "@/lib/prisma";
+import { getUserIdFromRequest } from "@/lib/auth";
+import { z } from "zod";
+
+const schema = z.object({ code: z.string().min(1) });
+
+export async function POST(req: Request) {
+  const userId = getUserIdFromRequest(req);
+  if (!userId) return NextResponse.json({ error: "login required" }, { status: 401 });
+  const body = await req.json().catch(() => ({}));
+  const parsed = schema.safeParse(body);
+  if (!parsed.success) return NextResponse.json({ error: parsed.error.flatten() }, { status: 400 });
+  const coupon = await prisma.coupon.findUnique({ where: { code: parsed.data.code } });
+  if (!coupon || !coupon.active) return NextResponse.json({ error: "invalid coupon" }, { status: 404 });
+  if (coupon.expiresAt && coupon.expiresAt < new Date()) return NextResponse.json({ error: "expired" }, { status: 400 });
+  const used = await prisma.couponRedemption.count({ where: { couponId: coupon.id } });
+  if (coupon.stock > 0 && used >= coupon.stock) return NextResponse.json({ error: "out of stock" }, { status: 400 });
+  const mine = await prisma.couponRedemption.count({ where: { couponId: coupon.id, userId } });
+  if (mine >= coupon.maxPerUser) return NextResponse.json({ error: "quota exceeded" }, { status: 400 });
+  await prisma.couponRedemption.create({ data: { couponId: coupon.id, userId } });
+  return NextResponse.json({ ok: true });
+}
+
+
diff --git a/src/app/api/coupons/route.ts b/src/app/api/coupons/route.ts
new file mode 100644
index 0000000..a32be0f
--- /dev/null
+++ b/src/app/api/coupons/route.ts
@@ -0,0 +1,37 @@
+import { NextResponse } from "next/server";
+import prisma from "@/lib/prisma";
+import { z } from "zod";
+
+export async function GET() {
+  const now = new Date();
+  const coupons = await prisma.coupon.findMany({
+    where: { active: true, OR: [{ expiresAt: null }, { expiresAt: { gte: now } }] },
+    orderBy: { createdAt: "desc" },
+    select: { id: true, code: true, title: true, description: true, stock: true, maxPerUser: true, expiresAt: true },
+  });
+  // 사용량 계산
+  const ids = coupons.map((c) => c.id);
+  const agg = await prisma.couponRedemption.groupBy({ by: ["couponId"], where: { couponId: { in: ids } }, _count: { couponId: true } });
+  const usedMap = new Map(agg.map((a) => [a.couponId, a._count.couponId]));
+  const items = coupons.map((c) => ({ ...c, used: usedMap.get(c.id) ?? 0 }));
+  return NextResponse.json({ coupons: items });
+}
+
+const createSchema = z.object({
+  code: z.string().min(1),
+  title: z.string().min(1),
+  description: z.string().optional(),
+  stock: z.coerce.number().int().min(0).default(0),
+  maxPerUser: z.coerce.number().int().min(1).default(1),
+  expiresAt: z.coerce.date().optional(),
+});
+
+export async function POST(req: Request) {
+  const body = await req.json().catch(() => ({}));
+  const parsed = createSchema.safeParse(body);
+  if (!parsed.success) return NextResponse.json({ error: parsed.error.flatten() }, { status: 400 });
+  const data = await prisma.coupon.create({ data: parsed.data });
+  return NextResponse.json({ coupon: data }, { status: 201 });
+}
+
+
diff --git a/src/app/coupons/page.tsx b/src/app/coupons/page.tsx
new file mode 100644
index 0000000..1eb9848
--- /dev/null
+++ b/src/app/coupons/page.tsx
@@ -0,0 +1,33 @@
+"use client";
+import useSWR from "swr";
+
+const fetcher = (url: string) => fetch(url).then((r) => r.json());
+
+export default function CouponsPage() {
+  const { data, mutate } = useSWR<{ coupons: { id: string; code: string; title: string; description?: string; stock: number; maxPerUser: number; expiresAt?: string; used: number }[] }>("/api/coupons", fetcher);
+  async function redeem(code: string) {
+    await fetch("/api/coupons/redeem", { method: "POST", headers: { "content-type": "application/json" }, body: JSON.stringify({ code }) });
+    mutate();
+  }
+  return (
+    <div>
+      <h1>무료쿠폰</h1>
+      <ul style={{ display: "flex", flexDirection: "column", gap: 8 }}>
+        {(data?.coupons ?? []).map((c) => (
+          <li key={c.id} style={{ border: "1px solid #eee", borderRadius: 8, padding: 12 }}>
+            <div style={{ display: "flex", justifyContent: "space-between" }}>
+              <div>
+                <strong>{c.title}</strong>
+                <div style={{ opacity: 0.8 }}>{c.description}</div>
+                <div style={{ fontSize: 12, opacity: 0.7 }}>코드: {c.code} · 소진: {c.used}/{c.stock || "∞"}</div>
+              </div>
+              <button onClick={() => redeem(c.code)}>사용하기</button>
+            </div>
+          </li>
+        ))}
+      </ul>
+    </div>
+  );
+}
+
+
diff --git a/todolist.txt b/todolist.txt
index b72596e..06255c1 100644
--- a/todolist.txt
+++ b/todolist.txt
@@ -54,8 +54,8 @@
 [특수 페이지(카테고리)]
 8.1 출석부: 데일리 체크인/중복 방지/포인트 지급/누적 통계 o
 8.2 포인트안내: 정책 안내 페이지(에디터 연동/버전 이력) o
-8.3 회원랭킹: 기간별 랭킹 집계/캐싱/페이지네이션/정렬 옵션
-8.4 무료쿠폰: 쿠폰 등록/재고/사용 처리/만료/1인 제한/로그
+8.3 회원랭킹: 기간별 랭킹 집계/캐싱/페이지네이션/정렬 옵션 o
+8.4 무료쿠폰: 쿠폰 등록/재고/사용 처리/만료/1인 제한/로그 o
 8.5 월간집계: 월별 지표 산출 배치/차트/다운로드(CSV)
 8.6 주변 제휴업체: 위치 기반 목록/지도/필터(거리/카테고리)
 8.7 제휴문의: 접수 폼/관리자 승인 워크플로우/알림