Corruption scandals take toll on Korea's spirit of giving
A Salvation Army bell ringer in raincoat sits idle in rain near a red kettle in Gwanghwamun, downtown Seoul, on Dec. 30. / YonhapBy Park Si-soo The spirit of giving that warms Korean society this time of the year seems to be losing its steam rapidly in the wake of the protracted economic slowdown and corruption scandals involving charities. The number of people who seek the tax deduction given to donors has plunged in recent years, state data showed. A total of 715,260 received the deduction in 2016, the latest data available, down 8.8 percent from a year earlier, the National Tax Service said. It was a 28.6 percent drop from 2012 when 886,617 people benefited from the tax cut. The downturn continued in 2017. Major charities are said to be falling well short of their fundraising targets. The Community Chest of Korea, one of the biggest charities, said as of December 31 its fundraising reached 65 percent of its goal of 399.4 billion won. At the same time in previous years, the rate hovered around 70 percent, it said. The Salvation Army of Korea, another major charity, is also wrestlin
Jan 4, 2018