Gyeonggi-do Receives Minister of the Interior and Safety Award at Korea Local Finance Awards

Gyeonggi Province was selected as an excellent institution in the field of non-tax revenue increase at the 16th Korea Local Finance Awards hosted by the Ministry of the Interior and Safety, securing a ministerial citation along with a special grant of 100 million KRW.

The Korea Local Finance Awards, held annually since 2008 by the Ministry of the Interior and Safety, is the most prestigious competition aimed at discovering and sharing outstanding cases that have contributed to the development of local finance among local governments nationwide.

At this year's awards, Gyeonggi Province presented an exemplary case titled "Seizure of Non-Tax Revenue Defaulters' Contribution Funds to Mutual Aid Associations," targeting habitual and chronic defaulters who have the ability to pay and continue their businesses but evade payment, by seizing and collecting contribution funds from six mutual aid associations, including the Specialized Construction Mutual Aid Association to which the defaulters belonged.

Through this case, Gyeonggi Province added that defaulters voluntarily paid their arrears as construction guarantees became impossible due to the seizure of mutual aid association contribution funds, collecting a total of 340 million KRW and achieving the seizure of 900 million KRW in contribution funds.

Previously, in 2021, Gyeonggi Province also received a ministerial award for the "Seizure of Nationwide Apartment Pre-sale Rights."

Ryu Young-yong, Director of the Tax Justice Division of Gyeonggi Province, stated, "We are pleased that Gyeonggi Province's excellent non-tax revenue delinquency collection policy has been recognized both domestically and internationally," and emphasized, "We will continue to lead the expansion of local finance and the realization of tax justice through the continuous development of collection techniques."

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