Go to Contents Go to Navigation

Budget for veterans affairs rises 2.7 pct to 5.8 tln won next year

All News 16:16 December 03, 2020

SEOUL, Dec. 3 (Yonhap) -- South Korea's budget for patriots and veterans rose 2.7 percent on-year to 5.8 trillion won (US$5.29 billion) in 2021, the veterans affairs ministry said Thursday.

The amount approved by the National Assembly the previous day is slightly higher than the 5.79 trillion won the government requested, as the budget for subsidies to veterans of the 1950-53 Korean War and the families of patriots who fought against the 1910-45 Japanese colonial rule rose during a parliamentary review, according to the ministry.

President Moon Jae-in said Wednesday that the government will strengthen responsibility on people of national merit by raising benefits awarded to those who fought for the country.

Next year's budget also includes 26.7 billion won for the construction of a "wall of remembrance" in Washington for American soldiers who fought during the war and 880 million won for the relocation of a monument to commemorate Greece's participation in the conflict, the ministry said. The monument, currently at a highway service area in the central city of Yeoju, will be moved to a park in the city by next year.

"We will use the budget effectively to promote the welfare of the people who sacrificed for the country," the ministry said in a release.

Lawmakers of South Korea's ruling Democratic Party -- (from L to R) Yun Kun-young, Song Young-kil and Kim Han-jung -- offer a silent prayer during a visit to the Korean War Veterans Memorial in Washington on Nov. 15, 2020, to pay tribute to American soldiers killed in action during the 1950-53 Korean War, in this photo released by the party. (PHOTO NOT FOR SALE) (Yonhap)


Send Feedback
How can we improve?
Thanks for your feedback!