Veterans ministry seeks 8% hike in 2027 budget for expanded honors, key projects
The veterans ministry said Wednesday it is seeking an 8 percent hike in its 2027 budget to expand veterans benefits, support independence fighters' descendants and host an international sports event for injured soldiers. The Ministry of Patriots and Veterans Affairs said it has proposed 7.22 trillion won ($5.25 billion) for next year's budget, up by 532 billion won from this year's 6.68 trillion…
The veterans ministry has requested an 8% increase in its 2027 budget, totaling 7.22 trillion won ($5.25 billion), to enhance veterans' benefits and support various initiatives. This represents a rise of 532 billion won compared to the previous year's budget of 6.68 trillion won. The proposed budget aims to raise basic compensation for war veterans and allowances for individuals of national merit.
Additionally, it seeks to expand benefits for descendants of independence fighters from Japan's 1910-45 colonization of Korea. The ministry recently announced plans to include third-generation descendants of independence fighters in the benefits program, adding approximately 2,500 new recipients. The budget also includes lowering the age limit for accessing veterans' hospitals from 75 to 65 years old.
Furthermore, the ministry intends to expand contracted medical institutions serving veterans and their families.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
