Crisis Management for a Conflict with North Korea
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Foreign ministry's 2026 budget set at 3.62 tln won with ODA allocation reduced
Yonhap | English | News | Dec. 5, 2025 | UndeterminedBudgets-Budgeting
The South Korean foreign ministry's budget for 2026 has been finalized at 3.615 trillion won (US$2.46 billion), representing a 15.5 percent decrease from this year's 4.28 trillion won. The decline is primarily driven by a reduction in the official development assistance (ODA) allocation, which fell to 2.18 trillion won from 2.89 trillion won in 2025.
Within the ODA budget, humanitarian assistance was nearly halved to 335.5 billion won, and dues for international organizations decreased from 826.2 billion won to 681.8 billion won. Funding for the Korea International Cooperation Agency also dropped to 1.14 trillion won from 1.29 trillion won.
The budget for overseas diplomatic missions increased slightly to 152.1 billion won from 148.9 billion won, aimed at better managing incidents involving South Korean nationals abroad, including cases of transnational crime. Additionally, around 660 million won has been allocated to promote South Korea-China relations, and 250 million won has been set aside for preparations related to South Korea hosting the Group of 20 forum in 2028.
The budget also includes support for South Korean companies investing in the United States, a response to the challenges faced following the mass detention of Korean workers during a U.S. immigration sweep in September.