Monday, September 18, 2006

The Korea Times : Donation Rule to Be Relaxed

The Korea Times : Donation Rule to Be Relaxed: "Donation Rule to Be Relaxed


By Jung Sung-ki
Staff Reporter

From Monday, the current permit system covering donations made to specific non governmental organizations (NGOs) and other associations will be replaced by a registration system. In addition the NGOs and associations will be able to use up to 15 percent of the contributed money on fund raising activities, up from the current 2 percent ceiling.

The decision, made at a Cabinet meeting yesterday, is aimed at stimulating donations but critics warn that many side effects might ensue following the relaxation of the rules."

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