South Korea Sets Record Culture Budget to Support Artists and Youth

Young people, artists to gain most as culture budget tops W9tr for first time

South Korea's Ministry of Culture, Sports and Tourism will channel record funding into young people and artists next year, as its overall budget passes 9 trillion won for the first time. The ministry set its 2027 budget proposal at 9.634 trillion won ($7.09 billion), up 22.6 percent from this year's 7.855 trillion won, the ministry said Friday. That growth rate nearly doubles the 12.8 percent increase in the government's total spending, raising culture's share of total government spending to 1.1

By The Korea Herald