Do you know about the hometown love donation program where you can return 100% of your donation and receive 30% of the donation as a gift in return? I know, but are you wondering where to donate? Hometown Love Donation System where you get a total of 130% back!! The additional profit is only 30%, so if you don’t do it, you will lose. Donation limits are reset every year, so don’t miss out on the 2023 benefits and donate now.
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1. What is the hometown love donation system?
2. Benefits
☞ Tax credit: 100% refund when paying less than 100,000 won
☞ Gift in return: Get 30% of the paid amount back
3. Beneficial donation tips ★
☞ Recommend donation amount
☞ Recommended gift in return
4. How to donate
☞ Online
☞ Offline
5. Conclusion
1. What is the hometown love donation system?
The Hometown Love Donation System is a virtuous cycle policy in which local governments receive donations to help local development, and donors receive 130% in return, thereby benefiting economically.
☞ Donation area conditions
Donations can be made to all local governments, excluding metropolitan and basic areas in the region registered on the resident registration certificate. For example, if you are registered as a resident in Jeonju, Jeollabuk-do, you can donate anywhere except Jeollabuk-do and Jeonju-si, Jeollabuk-do. Let’s find out where it’s best to donate below.
☞ Donation limit
The donation limit is up to 5 million won per year. You can donate not only to one local government, but also to multiple local governments. Please note that when donating to multiple local governments, the total amount for all local governments is 5 million won per year.
☞ Donation payment method
Usually, all local governments support bank transfer and credit card payments. Some local governments also offer simple payments such as Kakao Pay, Payco, Naver Pay, and Tos Pay to make donating more convenient.
2. Benefits
☞ Tax credit: 100% refund when paying less than 100,000 won
A tax credit refers to a deduction from the amount of tax payable at year-end tax settlement. Income deductions reduce the income base and thus reduce the pie multiplied by a certain percentage, but tax credits literally reduce the tax amount itself. Therefore, a tax deduction of 100,000 won means that if the original tax to be paid is 100,000 won, all 100,000 won will be deducted and you will not have to pay taxes.
The tax credit donation amount is based on the donation amount per person per year. Therefore, even if you donate 100,000 won to two local governments, if the donation is made by one person per year, please note that 100,000 won will receive a 100% tax credit and the remaining 100,000 won will only receive a 16.5% tax credit.
Please note that donation information is automatically entered into the National Tax Service, so it is automatically reflected without a separate application for tax deduction.
Donation amount tax deduction rate
100 won ~ 100,000 won 100%
Over 100,000 won 16.5%
☞ Gift in return: Get 30% of the paid amount back
As a return gift, you can receive agricultural and marine products and special products from local governments within 30% of the amount paid. Gifts and points are provided up to 30% of the donation amount (varies by local government). Please note that unused points will automatically expire after 5 years or when you cancel your Hometown Love e-um membership. Also, the important thing is that you can only purchase return gifts from the local government where you donated. Therefore, we recommend donating to the local government that has the product you want.
Go see the return gift
3. Beneficial donation tips ★
☞ Recommend donation amount
Depending on the donation amount, the tax deduction amount and gift percentage vary. If the tax credit rate exceeds 100,000 won, it greatly decreases to 16.5%, so it is economically advantageous to pay as much as 100,000 won.
To explain the calculation method in detail, if you donate 500,000 won, you will receive a tax deduction of 166,000 won by adding 100% of 100,000 won and 16.5% of the remaining 400,000 won, and the return gift is the donated amount. You will be paid 30% of the amount. If you subtract the donation amount (500,000 won) from these two (166,000 won + 150,000 won), you get -184,000 won.
Net profit from donation tax deduction gift (30% of donation)
10,000 won 10,000 won 3,000 won 3,000 won
100,000 won 100,000 won 30,000 won 30,000 won
500,000 won 166,000 won 150,000 won -184,000 won
☞ Recommended gift in return
If you were given 30,000 won to buy a gift in return, you would probably be worried about what to buy. There are a variety of items, but what I would like to recommend is to convert to local currency and use it.
(Disadvantages of Internet Malls) Hometown Love eum Internet malls also have a lot of good quality regional products. The unfortunate thing is that unlike other online shopping, price comparison is not convenient. Additionally, since the support was intended to revive the local government’s economy, it was disappointing that the products were not diverse. Even if you want to buy shampoo, it is a pity that there is no shampoo available at local supermarkets and only specialty products are available.
(Disadvantages of local currency) So, I received and used the gift points in local currency to more easily purchase daily necessities that I could use. Switching to local currency also has disadvantages. If you do not leave the place of residence according to your resident registration, it is difficult to use it because you can only receive local currency from other regions.
Therefore, if you do not have the item you want in the Hometown Love e-Mall, we recommend that you receive it in local currency from a nearby local government or a local government you frequently visit. For reference, the local currency payment recharge date takes 1 to 2 weeks after purchase at e-eummol, but in early cases, it is converted to payment within 3 to 5 days.
Hometown love e-secret product local currency
Note 1. Difficult to compare prices
2. Not diverse in products 1. Difficult to use in E-mart, large supermarkets, etc.
2. Difficult to use if you do not frequently go to areas other than your residence according to your resident registration certificate
* Payment date: 3 days to 2 weeks
Local gift certificate – example – photo
Example of local gift certificate
* Note
The areas where you can purchase local currency are limited, so please check the website below. You can purchase local currency in various places, including Geumcheon-gu in Seoul, Pyeongtaek-si in Gyeonggi-do, Dong-gu in Busan, Sejong, and Jeju. If you are planning a trip to Jeju Island, it would be a good idea to purchase it in advance. Additionally, please refer to the website below for details on how to register to use each local gift certificate (local currency) for each gift certificate.
Click here to check the gift “local currency”
4. How to donate
Donations can be made both online and offline, so use whichever is convenient for you.
☞ Online
Online donations are available from 7:00 (7:00 AM) to 23:30 (11:30 PM).
1) Click Sign Up in the upper right menu
2) Agree to terms and conditions and enter personal information
3) Log in with your membership information
4) Click to donate
5) Enter donation information, including donation local government, donation amount, and confirmation of donation availability.
6) Agree to payment system terms and conditions
7) Select payment method among bank transfer, credit card (* BC Jeonbuk Card, KB Jeonbuk Card, select Jeonbuk Bank Card), or simple payment.
8) Complete payment and purchase a gift using gift points
Sign up-Example
Example of how to sign up
Donation Method-Example-1
Donation method example 1
Donation Method-Example-2
Donation method example 2
☞ Offline
Those wishing to donate offline can visit any of the 5,900 Nonghyup branches nationwide to receive consultation and guidance. Nonghyup’s business hours are 9:00 (9:00 am) to 16:00 (4:00 pm), so please arrive on time.
Check Nonghyup branches
5. Conclusion
Today, we learned what the Hometown Love Donation System is and how you can get 130% back while making a profit. We also learned in detail about donation methods. For your reference, for additional inquiries, please call ☎1522-2431, and phone hours are 9:00 ~ 18:00 on weekdays (excluding lunch time 12:00 ~ 13:00).
2023 will soon pass by. The opportunity to receive the 30% benefit will disappear in 2024, so please apply today to use it for year-end tax settlement and take home a gift in return. Thank you for reading this long post today. Always be happy~
Go to Hometown Love Donation System website