Yeongju City Sets 2026 Main Budget at 1.107 Trillion Won

Focusing on Improving Quality of Life and Building Foundations for Future Growth
Strategic Allocation for Investment Attraction, Industrial Upgrading, and Revitalization of Local Commercial Districts

Yeongju City announced on November 21 that it has drafted and submitted a 2026 main budget proposal totaling 1.107 trillion won to the city council. This represents an increase of 5 billion won, or approximately 0.45%, compared to this year’s main budget.

By accounting category, the general account was set at 1.06 trillion won, an increase of 8 billion won (0.79%) from this year, while the special account was finalized at 101 billion won, a decrease of 3 billion won (△2.82%) compared to the previous year.

In terms of the main allocations within the general account, the social welfare sector accounted for the largest portion at 301.2 billion won, representing 29.95% of the total. This was followed by agriculture, forestry, maritime and fisheries at 159 billion won (15.81%), environment at 73.3 billion won (7.29%), culture and tourism at 72.3 billion won (7.19%), land and regional development at 70.4 billion won (7.01%), and transportation and logistics at 65.8 billion won (6.55%).

The 2026 budget proposal was formulated with a focus on directly supporting citizens’ livelihoods and strengthening Yeongju’s future competitiveness. In particular, strategic allocations were made to projects aimed at expanding investment attraction, upgrading the industrial structure, and revitalizing local commercial districts, with an emphasis on driving regional growth and job creation.

Major projects include: ▲ 4.7 billion won for the Regional Vitality Town Project ▲ 3.2 billion won for the Sports Complex Project ▲ 2.6 billion won for the Seocheon Riverside Culture and Tourism Resource Development ▲ 3 billion won for the Yeongju Lake Tourism Circular Pedestrian Bridge ▲ 1 billion won for the Yeongju Lake Paid Fishing Site ▲ 15.8 billion won for senior jobs and social activity support ▲ 3.6 billion won for the Hyochon 2-dong New Village Project ▲ 2.1 billion won for the Wood Culture Experience Center ▲ 2.9 billion won for support for the construction of agricultural worker dormitories ▲ 7.3 billion won for support for the construction of the Fruit Distribution Center ▲ 2.2 billion won for establishing the Young Farmers’ Hub Center ▲ 5 billion won for Yeongju Love Gift Certificate discount compensation ▲ 1.7 billion won for support for purchasing low-floor buses for transportation-vulnerable groups ▲ 2.5 billion won for Namsan Overpass repair and reinforcement ▲ 20 billion won for the Yeongju Advanced Bearing National Industrial Complex ▲ 2 billion won for the Deoeum Harmony Center ▲ 3 billion won for the Ugokcheon River Disaster Prevention Project ▲ 1 billion won for maintenance of the Sangmang 2 Natural Disaster Risk Improvement Zone ▲ 1.1 billion won for the Yeongju District Flood Disaster Comprehensive Maintenance Project, among others.

Yoo Jeonggeun, Acting Mayor of Yeongju, stated, “We will responsibly execute the 2026 budget to ensure it is fully utilized to protect citizens’ lives and prepare for the future,” adding, “We will do our utmost to create a happier and more prosperous Yeongju for all citizens.”

Yeongju City Hall.

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