• 2026.07.23 (Thu)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

South Korea Secures Stable Funding for Fire Departments

KO YONG-CHUL Reporter / Updated : 2024-12-27 13:29:06
  • -
  • +
  • Print


Seoul, South Korea – The National Fire Agency on [date] announced that the passage of the amended Local Allocation Tax Act has solidified a stable funding source for local fire departments.

For the past decade, the Fire Safety Subsidy Tax has been instrumental in modernizing aging firefighting equipment and facilities across the country. The tax has ensured a more equitable distribution of fire services nationwide. While the current funding arrangement was set to expire at the end of this year, the recent legislative changes have extended this vital support.

Numerous bills had been introduced in the National Assembly over the years, proposing to enshrine the allocation ratio of the Fire Safety Subsidy Tax into law, thereby safeguarding the financial stability of fire departments. Following bipartisan agreement, the amended act was passed on [date].

Originally introduced in 2015, the Fire Safety Subsidy Tax was established to address the high incidence of fires caused by discarded cigarette butts (accounting for 22% of all fires). The tax was funded by a portion of the increased tobacco excise tax.

With the nationalization of firefighting services in April 2020, the allocation rate was increased from 20% to 45% to cover the salaries of the newly recruited 20,000 firefighters. Despite consistent investments of at least 75% of the funds into firefighting initiatives since 2014, the sunset clause in the current decree necessitated repeated extensions.

The amended act introduces new provisions to Articles 9-4(1)(1) and (2) of the Local Allocation Tax Act, mandating that at least 40% of the Fire Safety Subsidy Tax be allocated to firefighting personnel and operations, and no more than 5% to general safety measures.

"The passage of this amended act eliminates the recurring disputes over the allocation ratio that have arisen with each sunset clause," said Bae Deok-gon, Planning and Coordination Officer at the National Fire Agency. "This will allow us to focus on enhancing firefighting capabilities through investments in cutting-edge equipment and improved working conditions for our firefighters."

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #koyongchul
  • #cherrylee
  • #seoulkorea
  • #periodicoeconomico
  • #글로벌이코노믹타임즈
  • #GET
  • #GETtv
  • #liderdel
KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP

  • Semiconductor Substrate Industry Faces Growth Hurdles Amid Exclusion from Price-Indexing System

  • The Word of a U.S. President Worth Less Than a Dollar

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065587256901936 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall
  • AI Drones Take to the Skies in Revolutionary Hunt for Mosquitoes
  • The Gopher Miracle: How a 24-Hour Experiment Transformed a Volcanic Wasteland into a Lush Forest
  • Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization
  • South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
  • TSMC Hits Record $40 Billion in Q2 Revenue Amid AI Boom, Pledges Additional $100 Billion for US Expansion

Most Viewed

1
Foreign Investors Return But Sell Off 'Samsung & Hynix' as Price Target Cuts Fuel KOSPI Peak Concerns
2
[Special Feature] Laying the Foundation for Korea's Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 1
3
Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP
4
Hanwha Aerospace Forges Alliance with 49 Partners to Boost South Korea's Aviation Engine Ecosystem
5
ChatGPT Converses Like a Human: OpenAI Rolls Out 'GPT Live' to Eliminate Voice Delays
광고문의
임시1
임시3
임시2

Hot Issue

OpenAI Rebounds in Secondary Market as Valuation Surges 20% in Three Months

South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won

KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers