Keirin and Keirin, All 2023 Profits Returned to Society

*This content was translated by AI.

The Keirin and Keirin General Division of the Korea Sports Promotion Foundation returned all 54.7 billion won in profits generated from Keirin and Keirin operations last year to society.

According to the Keirin and Keirin General Division, the 54.7 billion won in profits generated from Keirin and Keirin operations last year were entirely used for public welfare funds and local fiscal support. The distribution breakdown includes 27.1 billion won for the Korea Sports Promotion Fund, 11.6 billion won for the Culture and Arts Promotion Fund, 9.3 billion won for the Youth Development Fund, 1.9 billion won for the SME Venture Company Startup and Promotion Fund, and 4.8 billion won for local fiscal support.

The contribution to tax revenue was significant. During the same period, taxes paid through Keirin and Keirin operations totaled 319.6 billion won.

A Keirin and Keirin General Division official, who spoke to this newspaper by phone, stated, "Profits from Keirin and Keirin are entirely returned to society through funds and local fiscal support and are used for the public good."

An official from the Korea Sports Promotion Foundation said, "It is true that social contributions have decreased significantly compared to the past as illegal online casinos and similar activities have surged. We are making efforts across various areas to make greater contributions."

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*This content was translated by AI.