Gwangju Buk-gu Tops Treasury Interest Rates in Gwangju and Jeonnam, Ranks Third Nationwide

Gwangju Buk-gu recorded the highest treasury interest rate among local governments in Gwangju and Jeonnam.

According to the audit data submitted by Assemblyman Han Byungdo of the Democratic Party of Korea (Iksan-eul, North Jeolla Province) from the Ministry of the Interior and Safety on September 3, Buk-gu's treasury interest rate last year was 5.07%, ranking third nationwide after Jeju Special Self-Governing Province and Bupyeong-gu, Incheon.

Exterior view of the Gwangju Buk-gu Government Office.

Last year, Buk-gu earned 6,431,500,000 won in interest income through the management of public funds. This contrasts with one-third of local governments nationwide, which operated their treasuries at interest rates lower than the base rate (2.5%).

Buk-gu has deposited approximately 210 billion won from its general accounts, funds, and special accounts across more than 70 accounts. Since 2022, the district has actively managed corporate MMDA accounts, which offer high interest rates and allow for flexible deposits and withdrawals, and has also made time deposits with varying maturities. In the treasury business agreement signed in November of the same year, Buk-gu secured higher interest rates than before and established a year-round fund management plan to enhance efficiency.

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