The money will be used for reconstruction, humanitarian aid and direct financing of Ukraine through international organizations.
The South Korean government has announced a sharp increase in financial aid to Ukraine – up to $394 million for 2024. This was reported by Reuters on Tuesday, August 29.
“According to South Korea’s budget for 2024, the aid package covers 130 billion won (over $98 million – ed.) for reconstruction, 260 billion won (over $196 million – ed.) for humanitarian aid and another 130 billion won (over $98 million – ed.) ed.) through international organizations,” the report said.
The agency recalls that in July, the President of South Korea, Yoon Seok-yeol, announced that his “country will provide a large amount of military supplies this year,” but at the same time he did not go into details.
Recall that last year South Korea allocated $100 million to support Ukraine, this year this support will reach $150 million, Yun Seok Yol said during a visit to Kiev in July of this year.
This spring, South Korea for the first time admitted the possibility of military assistance to Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.