Gyeonggi Province to Promote Tax Reform for Local Fiscal Decentralization at National Assembly Legislative Expo
Gyeonggi Province will take part in the Legislative Expo at the National Assembly on November 5 and 6, promoting the need for tax reform to decentralize local finances and highlighting key public livelihood policies such as the Gyeonggi PyeonhaG Bus.
Under the theme “A Future Ahead, Gyeonggi Connected,” the promotional pavilion will feature three areas: policy, taxation and budget.
In the policy area, Gyeonggi Province will introduce public livelihood policies that directly affect residents, including the Gyeonggi PyeonhaG Bus and Gyeonggi Safe Real Estate. In the taxation area, it will outline local tax reforms the province is pursuing, including a phased increase in the local consumption tax rate from the current 25.3% to 40.3% and the transfer of 5% of corporate income tax revenue to metropolitan local governments. In the budget area, the province will present its position on improving the criteria for calculating the General Local Grant Tax and on the Future Response Fund.
Policy quizzes and a roulette event will also give visitors a chance to take part directly and experience Gyeonggi Province’s policies in an easy and enjoyable way.
“We have prepared the pavilion so that people can learn about Gyeonggi Province’s public livelihood policies and tax reform initiatives through fun, hands-on activities and quizzes,” said Lee Wongu, Gyeonggi Province’s Public Relations Planning Officer. “We hope this will encourage more people to take an interest in the province’s policies.”
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The “2026 National Assembly Legislative Expo,” hosted by the National Assembly, is a public participation event that connects citizens’ ideas with laws and policies. Policies and initiatives proposed by local governments in the Legislative Zone will be forwarded to lawmakers’ offices and the relevant standing committees for use as reference materials in legislative and policy reviews.
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