Yongin City Finalizes First Supplementary Budget at 3.6927 Trillion Won, Emphasizing Livelihoods and Economy
by Lee jonggu
Published 15 Apr.2026 17:17(KST)
Yongin City Increases Budget by 175.3 Billion Won over Original Plan
Focused Investments in Railway Expansion, Public Welfare, Education, and Citizen Support
Mayor Lee Sangil: "Improving Quality of Life for Citizens Is Our Top Priority"
The 2026 fiscal budget for Yongin Special City, Gyeonggi Province (Mayor Lee Sangil), has been finalized at a total of 3.6927 trillion won.
On April 15, Yongin Special City announced that the “2026 First Supplementary Budget Bill” was approved during the 302nd temporary session of the Yongin City Council. This supplementary budget represents an increase of approximately 175.3 billion won (4.98%) compared to the original budget of 3.5174 trillion won, and consists of 3.229 trillion won in the general account and 463.7 billion won in the special account.
The supplementary budget reflects changes to national and provincial subsidy programs, advances major initiatives such as railways, and prioritizes the allocation of resources to alleviate the financial burden on residents, revitalize the local economy, expand educational infrastructure, and enhance citizen welfare.
The main increases in general account revenue consist of 43 billion won from local taxes, 44 billion won from non-tax revenue, 30.5 billion won from local allocation tax, 12 billion won from adjustment grants, and 27.9 billion won from national and provincial subsidies.
Taking into account the city’s fiscal conditions, the city efficiently allocated its limited resources while focusing investments on areas with high public impact.
Key projects included in this supplementary budget are: ▲3 billion won for feasibility study services to establish the Dongbaek-Sinbong Line and to apply for a preliminary feasibility study for the extension of the Yongin Line; ▲5.8 billion won for the construction of a multi-purpose sports facility at the former Giheung Middle School site; ▲8.1 billion won for the construction of a complex facility at Baegam Elementary School; ▲4.4 billion won for the construction of a women’s welfare center in the eastern region; ▲6.8 billion won for the construction of the Dongbaek 1-dong Administrative Welfare Center; and ▲2.4 billion won for the construction of the Sinbong-dong Library.
Projects aimed at alleviating the cost burden on residents and revitalizing the local economy have also been substantially reflected in the budget. These include: ▲3.8 billion won for oil tax-linked subsidies for the transportation sector (freight); ▲10.2 billion won to support the issuance of local currency; ▲500 million won for improving the environment for small businesses; and ▲2 billion won for transportation subsidies for children and adolescents.
In the education sector, the budget includes ▲5.8 billion won for the construction of a multi-purpose sports facility at the former Giheung Middle School site and ▲8.1 billion won for the construction of a school complex facility at Baegam Elementary School. The aim is to expand educational infrastructure and improve conditions for student and citizen sports activities.
In the welfare and health sectors, the budget includes ▲3.3 billion won for universal support for menstrual products for women and youth; ▲2.4 billion won for veterans’ honorary allowances; ▲2.4 billion won for shingles vaccinations; and ▲2.7 billion won for the operation of day care facilities for people with disabilities.
In addition, the budget reflects urban infrastructure expansion projects such as: ▲2.9 billion won for the construction of public parking lots including the Yeokbuk District (Yeokbuk Cultural Park); ▲3.5 billion won to support the introduction of eco-friendly, large-capacity double-decker electric buses; ▲25.5 billion won for the development of Yeokbuk 2 Neighborhood Park; and ▲2.4 billion won for the construction of a connecting road between Gongse and Jigok (Route Jung 1-108).
Mayor Lee Sangil stated, “Despite difficult financial conditions, this supplementary budget is focused on stabilizing people’s livelihoods, reviving the local economy, and actively advancing current issues that are closely tied to citizens’ daily lives.” He added, “We will continue to manage the city’s finances efficiently to ensure that citizens can experience tangible changes.”
Mayor Lee also extended his gratitude to the city officials who worked hard to prepare the supplementary budget and to the city council for their review, saying, “The city will continue to invest in a balanced manner across diverse sectors including welfare, transportation, the local economy, and urban infrastructure to enhance the quality of life for our citizens and to strengthen the city’s competitiveness.”
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