Increase in Coal Power Plant 'Local Resource Facility Tax'... Goseong-gun's Tax Revenue to Double

Lower than Hydroelectric and Nuclear Power, 1kWh Cost Increases from 0.3 Won to 0.6 Won

Annual Tax Revenue Expected to Rise from 6 Billion to 12 Billion Won Starting 2024

Goseong County Office, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The revision of the Local Tax Act to raise the local resource facility tax rate from 0.3 won to 0.6 won per 1kWh passed the National Assembly plenary session on the 9th, and Goseong-gun, Gyeongnam Province, decided to apply the doubled tax rate starting in 2024.

The local resource facility tax on thermal power generation is collected as a provincial tax, and 65% of the collected amount is distributed to Goseong-gun through adjustment grants and other means.

The county stated that although thermal power generation contributes to domestic economic development such as power supply and demand, it causes various environmental pollution such as fine dust and particulate matter, threatening the health and environmental rights of local residents.

They also pointed out that thermal power plants are subject to a tax rate of 0.3 won, which is lower than 2 won per 10㎥ for hydroelectric power and 1 won per 1kWh for nuclear power generation.

The county has consistently requested an increase in the local resource facility tax rate by visiting the Blue House and the National Assembly, emphasizing the financial burden to resolve and prevent health and environmental pollution issues of local residents.

Since last year, together with the council of mayors and county heads of 10 cities with thermal power plants, they have delivered a joint petition urging the passage of the Local Tax Act revision to the Blue House, National Assembly, Prime Minister’s Office, Ministry of the Interior and Safety, and Ministry of Trade, Industry and Energy.

The county expects that with the revision of the Local Tax Act, the local resource facility tax, which was 6 billion won annually until now, will increase to 12 billion won starting in 2024, and the additionally secured revenue will be used for improving residents’ living environment and regional development projects.

County Governor Baek Doohyun said, “This is an achievement made possible by the cooperation of 10 cities and counties nationwide and the united efforts of the Goseong County Council,” adding, “We will continue to strive wisely to solve tasks for the local residents.”

This content was produced with the assistance of AI translation services.