Nowon-gu Wins Minister of the Interior and Safety Award at the 17th Korea Local Finance Awards

Nowon-gu Recognized for Excellent Revenue Increase Case... Awarded Minister of the Interior and Safety Prize

Nowon-gu, Seoul (Mayor Oh Seung-rok) announced that it received the Minister of the Interior and Safety Award in the non-tax revenue category at the 17th Korea Local Finance Awards in 2024.

The Korea Local Finance Awards, hosted annually by the Ministry of the Interior and Safety, aim to discover and spread excellent cases of local finance management nationwide, including budget savings, innovation in local subsidy operations, and revenue increase (local taxes and non-tax revenues).

This year, out of a total of 191 cases submitted by local governments across the country, 33 outstanding cases were selected through a first round of document screening and a second round of presentations.

The district was selected as an excellent case in the non-tax revenue increase category. During the implementation of a public interest project, it was discovered that value-added tax was imposed on administrative costs incurred from relocating utility poles and communication poles. Through about four years of continuous legal response, a total of over 400 million KRW was recovered. As a result, Nowon-gu received the Minister of the Interior and Safety Award and secured 50 million KRW in local allocation tax.

Team leader Lee Eun-hee, the responsible public official, said, “We hope this excellent case will be widely shared among local governments nationwide and contribute to improving the efficiency of local finance management.”

The district confirmed that value-added tax was inappropriately imposed on the costs of relocating obstacles within the site, which were paid by the association during the housing redevelopment project.

Accordingly, a ‘Value-Added Tax Recovery Manual’ was provided to housing redevelopment maintenance sites in the region to support associations in recovering excessively paid value-added tax.

Oh Seung-rok, Mayor of Nowon-gu, said, “This award is the result of proactive response based on expertise,” and added, “We will continue to do our best to ensure that the precious taxes of residents are used properly through transparent and efficient financial management.”

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