National Subsidy for 3rd Quarter of 2015

The National Election Commission of the Republic of Korea (NEC) provided about 9.86 billion won (approx. USD 8,400,000) of subsidies for the third quarter to three political parties on August 13 in accordance with the Political Funds Act.

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《 Details on Subsidy Payment for the Third Quarter of 2015》

(Unit: Won)

In compliance with Article 27 of the Political Funds Act, the current subsidies are given to the political parties holding a negotiation group in the National Assembly at the time of disbursement, while each of the political parties having more than five but less than 20 seats in the National Assembly is entitled to 5% of the total amount of the subsidy.

After distributing based on the aforementioned criteria, half of the remaining subsidy goes out to the political parties holding a seat in the National Assembly according to the ratio of the number of the seats gained by each party. The other half is disbursed based on the ratio of the number of votes obtained by political parties in the most recent National Assembly election.

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