Enforcement of the "Hometown Love Donation Act" Starting in July

[Image source=Yonhap News]

[Image source=Yonhap News]

View original image

[Asia Economy Reporter Kiho Sung] To widely promote the value and importance of 'hometown,' the 'Hometown Love Day' will be designated and operated as a national commemorative day.


The Ministry of the Interior and Safety announced that the amendment to the 'Hometown Love Donation Act,' which provides the basis for designating and operating 'Hometown Love Day,' was promulgated on the 3rd and will be enforced from July 4th, six months after the promulgation.


The Hometown Love Donation System, which started on January 1st this year, allows individuals to donate not only to the region where they were born but also to their 'second hometowns' formed through studies, work, or travel. Local governments use the donations to improve residents' welfare, and donors receive tax credits and gifts in return.


Individuals wishing to donate can do so by visiting the integrated (one-stop) information system 'Hometown Love e-Eum' or one of the more than 5,900 NongHyup branches nationwide.



Choi Hoon, Director of the Local Autonomy Balanced Development Office at the Ministry of the Interior and Safety, stated, "We hope that the establishment of 'Hometown Love Day' will serve as an opportunity to reflect on the nostalgic and warm meaning of hometown." He added, "We will do our best to ensure that the Hometown Love Donation System, which allows people to express their feelings for their hometown, becomes a groundbreaking means for balanced development."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing