NEC Distributes Over 57 Billion Won in Subsidies for the 9th Local Elections

Democratic Party of Korea receives 25.88 billion won,
People Power Party 23.76 billion won,
Cho Kuk Innovation Party 4.61 billion won

The National Election Commission (NEC) provided approximately 57.076 billion won in subsidies to political parties for the 9th nationwide local elections.

On the 18th, the NEC announced that it had distributed 53.62 billion won in election subsidies, 2.21 billion won in subsidies for recommending female candidates, 570 million won for recommending candidates with disabilities, and 660 million won for recommending young candidates.

The Democratic Party of Korea received 25.8849 billion won, the People Power Party received 23.76335 billion won, the Cho Kuk Innovation Party received 4.61488 billion won, the Reform New Party received 1.44638 billion won, the Progressive Party received 1.28861 billion won, the Basic Income Party received 39.4 million won, and the Social Democratic Party received 39.4 million won.

The total amount of election subsidies is calculated by multiplying the total number of eligible voters from the most recent general election by the subsidy unit price (1,211 won). The funds are then allocated and distributed based on whether the party has formed a negotiation group in the National Assembly, the proportion of seats it holds, and the proportion of votes received in the most recent general election or a recent nationwide election. Only parties that have recommended candidates are eligible for the election subsidy.

The total amounts for subsidies for recommending female, disabled, and young candidates are each determined by multiplying the total number of eligible voters in the most recent National Assembly election held due to term expiration by a set amount (100 won for female and young candidates, 20 won for candidates with disabilities).

These subsidies—for recommending female candidates, candidates with disabilities, and young candidates—are awarded to parties that nominate female, disabled, or young (under the age of 39) candidates for local council elections (both metropolitan and basic levels).

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