Social Affairs
Social security, defense get biggest budget boosts
Dec. 6, 2017
The 2018 government budget passed Tuesday, with social security, defense, education and central and local administration spending receiving the biggest bumps. Of next year’s 428.8 trillion won ($392 billion) budget, about one-third, or 144.7 trillion won, has been allocated to areas concerning social security -- welfare, health and labor. The figure is an increase of 11.7 percent from this year, while the overall budget was increased by about 7 percent. Prime Minister Lee Nak-yeon addresses the