Ulleung County, the "Dokdo Guardian," Sets 2026 Budget at 246 Billion Won

Ulleungdo is preparing to transform itself into a global marine tourism hub.

Ulleung County in North Gyeongsang Province (Governor Nam Hankwon) submitted its 2026 revenue and expenditure budget proposal to the Ulleung County Council on November 20.

The total proposed budget amounts to 246 billion won, an increase of 33.4 billion won (15.71%) compared to the main budget for 2025.

The main sources of revenue include 111.4 billion won in local allocation tax, 32 billion won in self-generated income, 9.7 billion won in adjustment grants, and 69.5 billion won in subsidies.

This is analyzed to be an overall improvement compared to this year, due to new government policy project investments and the strengthening of self-generated revenue management.

In line with an expansionary budget policy aimed at stabilizing livelihoods and promoting economic growth, the county has actively invested in projects to boost the local economy, including 38.5 billion won for social welfare and health, 26.1 billion won for agriculture, forestry and fisheries, 25.9 billion won for industry and economy, and 19.8 billion won for regional development.

Governor Nam Hankwon stated, "We have focused on expanding livelihood-tailored fiscal investment through performance-oriented and proactive fiscal management in next year's budget. We will realize 'A Happy Citizenry and a New Ulleung Worth Returning To.'"

This budget proposal is scheduled to be reviewed and decided at the 290th second regular session of the Ulleung County Council, which opens on November 21.

Ulleung County Office.

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