The top five fundraising places for basic organizations are all Gwangju and Jeonnam... Fund balance is 61.5%, the largest in the country

The top five fundraising places for basic organizations are all Gwangju and Jeonnam

(Gwangju, Jeollanam-do = Yonhap News) Reporter Min Hyun-ki = The hometown love donation collected in Gwangju, Jeollanam-do exceeded 97 billion won, but it was found that more than 60% of the amount raised remained as a fund.

According to data on the status of local governments' hometown love donations released by Park Jeong-hyeon (Daedeok-gu, Daejeon), a member of the National Assembly Public Administration and Security Committee of the Democratic Party of Korea on the 4th, the cumulative amount raised by Jeonnam Gwangju Special City Hall and 27 cities, counties, and districts from 2023, when the system was implemented, to last August was 97.118 billion won.

The fund balance was 59.727 billion won, or 61.5% of the amount raised.

The ratio of balance to the amount raised was 8.2%p lower than the national average of 69.7%, but the balance size was the largest in the country.

The top five local governments in the country for the amount of money raised were all in the Gwangju and Jeonnam regions.

Dong-gu, Gwangju, Jeollanam-do had the most at KRW 11.125 billion, followed by Nam-gu at KRW 11.07 billion, Yeongam-gun at KRW 7.152 billion, Goheung-gun at KRW 7.018 billion, and Damyang-gun at KRW 6.456 billion.

Gwangju, South Jeolla Province, also had the largest amount of designated donations, where donors decide how to use them, at 14.789 billion won.

The proportion of designated donations in the total amount raised was 15.2%, exceeding the national average of 9.8%.

Of the designated donation projects, 48 ​​were completed and 57 were in progress.

The cumulative amount raised by 243 local governments across the country was 345.743 billion won, and the fund balance was 241.09 billion won.

Rep. Park emphasized, “Donors must be able to know where and how the money they give is being spent in order to make the next donation,” adding, “We need to establish a system for disclosing fund use details and a plan to support project discovery.”