South Korea Unveils Record 2026 Budget Focused on Security, Housing, and Urban Development
South Korea's President Lee Jae Myung has unveiled a record 2026 budget of 728 trillion won. The Ministry of Land, Infrastructure and Transport will oversee a significant portion of this, allocating 62.5 trillion won for security and housing projects.
The budget, announced during an official luncheon with Singaporean officials, marks a substantial increase in public welfare spending. It also earmarks funds for the development of new landmarks in Seoul, aiming to enhance the city's appeal and infrastructure.
The Ministry of Land, Infrastructure and Transport will play a pivotal role in implementing these plans. It will manage the 62.5 trillion won allocated for security and housing initiatives, contributing to the overall growth and development of the country.
With the 2026 budget now set, the South Korean government looks forward to implementing these ambitious plans. The Ministry of Land, Infrastructure and Transport is poised to make significant strides in security, housing, and urban development, all while contributing to the nation's overall economic growth.
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