Sacheon-si, Special Lecture on 'Hometown Love Donation System' for All Employees

Invitation of Research Fellow Dongcheol Shin from Gyeongnam Research Institute as Lecturer

Sacheon-si, Gyeongnam is conducting a special lecture for all employees on the Hometown Love Donation System.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sacheon City in Gyeongnam held a special lecture for all employees on the 2nd floor auditorium of City Hall on the 1st to enhance understanding and participation in the ‘Hometown Love Donation System’ which will be implemented from January 1 next year.

On this day, the special lecture was conducted in depth by inviting Researcher Shin Dong-chul from the Gyeongnam Research Institute as the instructor, covering topics such as understanding the Hometown Love Donation System, successful local government cases in Japan, and promotion directions.

Before the special lecture began, Sacheon City screened a promotional video for the ‘Hometown Love Donation System’ produced by the city itself to increase understanding among all employees and seek cooperation for participation.

The ‘Hometown Love Donation System’ is a system designed to expand local finances, which have deteriorated due to low birth rates, aging population, and population outflow, and to reduce the economic gap between central and local governments.

If a person donates up to 5 million KRW annually to a metropolitan or basic local government other than their place of residence, they receive tax credits and return gifts, and the donation is used for projects necessary for the welfare improvement of local residents.

Tax credit benefits of 100% are given up to 100,000 KRW of the donation, and 16.5% on the excess amount, and return gifts are received within 30% of the donation amount.

A city official said, “The Hometown Love Donation System will surely revitalize the region by saving the hometown and activating the local economy,” adding, “We hope that not only all employees but many people will participate in the donation culture.”

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