2024 Cultural Heritage Administration Budget Confirmed at 1.3659 Trillion KRW... Reduction in Cultural Heritage Protection Fund

The Cultural Heritage Administration's budget for next year has been finalized at 1.3489 trillion KRW. On the 21st, the Cultural Heritage Administration announced that the 2024 budget proposal was approved at the National Assembly plenary session.

Key items reflected during the National Assembly review process include support for World Heritage preservation and management (5.8 billion KRW), historical and cultural zone maintenance (1.8 billion KRW), operation of the National Joseon Dynasty Annals Exhibition Hall (1.5 billion KRW), establishment of a broad utilization base for national heritage (600 million KRW), improvement of national heritage landscapes (500 million KRW), and construction of a Children's Intangible Heritage Hall (500 million KRW).

2024 Cultural Heritage Administration Budget Details
Photo by Cultural Heritage Administration

Looking at the budget scale by accounting and funds, the general account and the special account for regional balanced development amount to 1.2067 trillion KRW, an increase of 16.8 billion KRW (1.4%) compared to this year (1.1899 trillion KRW). The Cultural Heritage Protection Fund is 159.2 billion KRW, a decrease of 1.7 billion KRW (1.1%) compared to this year (160.9 billion KRW).

By sector, the budget will be allocated as follows: cultural heritage preservation and protection 825.3 billion KRW (heritage preservation and management 603.6 billion KRW, heritage protection 92.8 billion KRW, palace and royal tomb management 128.9 billion KRW), cultural heritage utilization 98.4 billion KRW, international cultural heritage exchange 62.2 billion KRW, cultural heritage education and research 79.3 billion KRW, and establishment of a cultural heritage policy foundation 180.3 billion KRW.

Major new projects for next year include support for buried cultural heritage diagnostic investigations (5 billion KRW), creation of a digital infrastructure for socially vulnerable groups (2.7 billion KRW), restoration of Donhwamun Gate at Changdeokgung Palace (2 billion KRW), support grants for outstanding transmission practitioners (1.7 billion KRW), establishment of a K-Shared Heritage utilization base (1.5 billion KRW), establishment of a broad utilization base for national heritage (600 million KRW), and improvement of national heritage landscapes (500 million KRW).

Major increased budget projects include cultural heritage repair and maintenance (total amount) for preserving the original form of nationally designated (registered) cultural properties, a national agenda, increased by 53.9 billion KRW (from 463.4 billion KRW to 517.3 billion KRW); support for cultural heritage admission fee reductions increased by 13.3 billion KRW (from 42.1 billion KRW to 55.4 billion KRW); budget for establishing a branch of the National Intangible Heritage Center increased by 6.5 billion KRW (from 2.4 billion KRW to 8.9 billion KRW); and cultural heritage international cooperation (ODA) budget increased by 8.3 billion KRW (from 4.8 billion KRW to 13.1 billion KRW).

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