Muan-gun Establishes Dedicated Team for Hometown Love Donation Program

If You Donate to Local Governments Other Than Your Residence, You Receive Benefits Such as Thank-You Gifts and Tax Deductions

[Muan=Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo] Muan-gun, Jeollanam-do recently established a dedicated TF team for the Hometown Love Donation System and has begun full-scale preparations to ensure its successful introduction and systematic administrative processing.

The Hometown Love Donation System is a program where residents donate to local governments other than their registered address, and the local governments provide tax deductions along with local agricultural, livestock, and specialty products as gifts in return. The system will be implemented starting January next year.

The donation amount is limited to 5 million KRW per person annually. Donors receive return gifts worth up to 30% of their donation amount, receive a full tax deduction up to 100,000 KRW, and a 16.5% tax deduction on the amount exceeding 100,000 KRW.

The county plans to focus on three core business areas: ▲fundraising and promotion ▲composition and selection of return gifts ▲discovery of projects utilizing the fund. The donations can be used to support vulnerable groups, foster and protect youth, and promote culture, arts, and health, which is expected to greatly contribute to improving residents' welfare.

County Governor Kim San said, “Once the system is introduced, it is expected to help expand local finances and revitalize the regional economy. We will do our best to develop unique return gifts exclusive to Muan and actively discover projects utilizing the fund so that benefits return to local residents.”

Muan=Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo gabrielw@asiae.co.kr

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