The object of the Association shall be to promote friendship and understanding between the peoples of the Republic of Korea
and of the United States of America and to strengthen cultural, economic and other relations between the two countries.
|Donor||Tax deduction benefits||Maximum amount recognized as donation|
|Individual||- deduct from tax 15% of donations less than 20 million won
- deduct from tax 30% of an excess from donations more than 20 million won
|recognize up to 30% of income|
|Corporate||exclude donations from corporate tax||recognize up to 10% of income|