South Korea slashes funding for unification ministry in new budget proposal



News South Korea slashes funding for unification ministry in new budget proposal 40% cut is largest in decade and aligns with Seoul’s efforts to overhaul ministry amid growing tensions with North Korea Jeongmin Kim August 29, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The unification ministry's Office of Inter-Korean Dialogue \| Image: NK News (July 21, 2020) South Korea’s unification ministry has requested a more than 40% reduction in its budget for economic cooperation projects with North Korea, under a proposal to cut the ministry’s overall budget by the largest amount in the past decade. The ministry overseeing DPRK ties, along with other ROK ministries, announced its draft budget proposal for fiscal year 2024 on Tuesday, ahead of the start of a National Assembly session to debate the proposals on Friday. South Korea’s unification ministry has requested a more than 40% reduction in its budget for economic cooperation projects with North Korea, under a proposal to cut the ministry’s overall budget by the largest amount in the past decade. The ministry overseeing DPRK ties, along with other ROK ministries, announced its draft budget proposal for fiscal year 2024 on Tuesday, ahead of the start of a National Assembly session to debate the proposals on Friday. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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South Korea slashes funding for unification ministry in new budget proposal

40% cut is largest in decade and aligns with Seoul’s efforts to overhaul ministry amid growing tensions with North Korea

Jeongmin Kim August 29, 2023

South Korea slashes funding for unification ministry in new budget proposal

The unification ministry's Office of Inter-Korean Dialogue | Image: NK News (July 21, 2020)

South Korea’s unification ministry has requested a more than 40% reduction in its budget for economic cooperation projects with North Korea, under a proposal to cut the ministry’s overall budget by the largest amount in the past decade.

The ministry overseeing DPRK ties, along with other ROK ministries, announced its draft budget proposal for fiscal year 2024 on Tuesday, ahead of the start of a National Assembly session to debate the proposals on Friday.

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South Korea slashes funding for unification ministry in new budget proposal

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