18. Is there a limit on the amount a donor can contribute to a candidate?

Korea, Republic of

Korea, Republic of

Answer
Yes, for both natural and legal persons
Source

Art 11, ?(1) The amount of the support payment that is permitted to be contributed by each supporter to his/her supporters' association shall not exceed 20 million won per year. (2) A limit amount that a supporter may contribute to one supporters' association a year shall be as any of the following subparagraphs: 1. 10 million won for each supporters' association for a presidential candidate, etc. or a candidate for an intra-party competition in a presidential election; 2. 5 million won for each supporters' association, other than a supporters' association referred to in subparagraph 1.? (Source: Political Fund Act, No.10395, Jul. 23 2010)

'The money and valuables that a supporter is permitted to contribute to Political Fundraising Associations shall not exceed 20 million won a year whether an election year or non-election year.''Candidates and reserve candidates for the Presidential electionCandidates for the intra?party competitive election for Presidential Elections - Limits on Payment/Donation per year - Under 10 million WonNational Assembly Members, Candidates and reserve candidates for the National Assembly election for a local constituency, Candidates for the Party Leadership elections, Candidates for the election of Governors and Mayors of the Special City and Metropolitan Cities - Limits on Payment/Donation per year - Under 5 million Won each'(Quoted from NEC:s webpage -> Political Funds -> Details of of Political Fund Act ->Political Fundraising Association, accessed on 2011-07-07) (Source: Republic of Korea, National Election Commission)

Comment

An indivudual may not contribute more than a total of 20 million Won [I$ 24,000] a year to a Political Fundraising Association. Furthermore, the following limits apply:

 
  • Under 10 million Won [I$ 12,000] may be donate to:?Candidates (and reserve candidates) for Presidental elections and candidates for the intra-party competitive election for Presidential Elections:?
  • Under 5 million [I$ 6,100] Won may be donate to:?National Assembly Members, Candidates and reserve candidates for the National Assembly election for a local constituency, Candidates for the Party Leadership elections, Candidates for the election of Governors and Mayors of the Special City and Metropolitan Cities:?
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