Independent Candidate Lee Hong-gi for Geochang County Governor Opens 'Principal + Interest + Citizen Happiness' Repayment Election Fund... Exciting 'Lee Fund' Launched

Total Fundraising Goal: 100 Million Won

Exciting 'Lee Fund' Poster

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Independent candidate Lee Hong-gi, who is running for the position of Geochang County Governor, announced that he will establish an election fund to conduct a transparent election campaign.

Lee's camp stated that the lively "Lee (李) Fund" will be launched on the 2nd.

The lively "Lee (李) Fund" is an election fund where the costs incurred during the election are borrowed from investors for use in the election, and later the election expenses are reimbursed to repay the principal along with the agreed interest. This is a method of raising election funds permitted under the current election law.

The total fundraising target is 100 million KRW, with a minimum subscription of 10,000 KRW per person. The first round will raise 50 million KRW, and the second and third rounds will each raise 30 million KRW, planned to be collected gradually after achieving the first round's target.

To invest, anyone can search for the candidate on the portal site 'bFund' website, follow the instructions to apply, and then deposit the investment amount into the fund account. Anyone in the nation can participate, and early withdrawal after deposit is not allowed.

The repayment of the raised funds will be made by the repayment date, August 2, with a uniform annual interest rate of 3.0%, repaying both principal and interest to investors.

Preliminary candidate Lee Hong-gi said, “After borrowing money from the residents, I will use it carefully to create a beautiful and clean election culture, and return the principal with interest, along with greater development for Geochang and happiness for the residents.”

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