"Focus on Strengthening Forest Disaster Response Capabilities" Korea Forest Service Allocates 2.5 Trillion Won Budget for Next Year

The Korea Forest Service's budget for next year is expected to increase by 4.0% compared to this year.

On the 30th, the Korea Forest Service announced that it has prepared a budget of 2.583 trillion KRW for next year, which is 99.3 billion KRW more than this year.

Including the climate response fund (162.2 billion KRW) and other forest sector project budgets, the total fiscal expenditure is expected to rise to 2.751 trillion KRW, according to the Korea Forest Service.

Provided by Korea Forest Service

By sector, the budget was allocated as follows: 773.4 billion KRW for forest resource management, 772.4 billion KRW for forest disaster response, 227.4 billion KRW for forest industry promotion and support for forestry workers, and 209.9 billion KRW for forest welfare.

In particular, the budget for forest disaster response next year will increase by 118.1 billion KRW (18%) compared to this year. This reflects a focus on strengthening the capacity to respond to forest disasters such as wildfires and landslides, which are rapidly increasing due to climate change.

Additionally, the Korea Forest Service plans to increase the forestry direct payment from 46.8 billion KRW this year to 54.4 billion KRW next year, and raise the unit price of small-scale forestry household direct payments from 1.2 million KRW to 1.3 million KRW per household to stabilize the income of forestry workers.

Furthermore, the purchase price of private forests will be raised from 7.5 million KRW per hectare to 10 million KRW per hectare to strengthen the foundation for forest management.

The Korea Forest Service's budget proposal for next year will be submitted to the National Assembly on the 1st of next month and will be finalized after review and approval by the Assembly.

This content was produced with the assistance of AI translation services.