Lee to unveil 2027 budget, support projects for young people

President Lee Jae Myung is set to reveal the 2027 budget for supporting young people on Friday, showcasing the government's initiatives specifically aimed at assisting this demographic. This "2027 youth budget unboxing" event, to be held later that day, marks a first as the government will publicly present substantial budget allocations and projects before the official annual budget unveiling.

The meeting will feature discussions on budget allocations and major projects intended to benefit young people, with opportunities for young people to voice their opinions, according to the presidential office. This event occurs as the Lee administration intensifies policies for young people, particularly as President Lee grapples with declining approval ratings among younger voters compared to other age groups.

During a recent youth policy meeting, Lee emphasized that Korea is currently experiencing a period of low economic growth necessitating more maintenance and management than expansion, leading to fewer job opportunities, especially for young individuals.