18. Is there a limit on the amount a donor can contribute to a candidate?
Korea, Republic of
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)
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:?