Muan-gun, Promotion of the Hometown Love Donation System to be Implemented Next Year

If You Donate 100,000 Won Locally, Receive Benefits Worth 130,000 Won

[Muan=Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo] Starting next year, the Hometown Love Donation System, which allows donors to receive tax credit benefits along with thank-you gifts when donating to local areas, is expected to serve as a catalyst for revitalizing the regional economy.

Muan-gun, Jeonnam, is accelerating efforts to promote the system and prepare in advance for the successful establishment of the Hometown Love Donation System, which will be implemented in January next year.

According to the county on the 26th, the Hometown Love Donation System allows individuals to donate up to 5 million KRW annually to other local governments. Donations up to 100,000 KRW are fully tax-deductible, and amounts exceeding that receive a 16.5% tax credit benefit along with thank-you gifts worth up to 30% of the donation amount.

So far, the county has promoted the system to residents and visitors using banners, outdoor electronic billboards, and flyers, and has made efforts to publicize it by distributing informational leaflets during the Chuseok holiday, the first in three years without social distancing.

Additionally, the Hometown Love Donation System TF team attended the meeting of heads of institutions and social organizations in Illo-eup on the 22nd to explain the system and encouraged social organization leaders to promote it so that residents and expatriates can be informed.

A county official said, “We hope many people will take interest in the Hometown Love Donation System, which offers the pride of helping our hometown by donating 100,000 KRW and receiving benefits worth 130,000 KRW.”

County Governor Kim San stated, “We expect the spread of a healthy donation culture and revitalization of the local economy,” adding, “We will do our best to ensure the system is successfully established through differentiated selection of thank-you gifts and promotion.”

Meanwhile, the ‘Ordinance on the Collection and Operation of Hometown Love Donations’ was recently announced for legislative notice in Muan-gun, and opinions on the ordinance will be collected until the end of the legislative notice period on the 12th of next month.

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.