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Supplementary Budget Proposal for wildfire Response & Trade & Al competitiveness
12.2. trillion won
• Supplementary Budget Overview
12.2 trillion won
Focused investment in three key areas:
1) Disaster & Emergency Response
2) Enhancement of Trade & Al Competitiveness
3) People's Livelihood Support
Disaster & Emergency Response KRW 3.2T
► Facilitating the Rapid Recovery from Wildfire Damage KRW 1.4T
► Enhancing Disaster Preparedness & Response Systems KRW 1.7T
► Upgrading Aging Infrastructure KRW 0.2T
Enhancement of Trade & Al Competitiveness KRW 4.4T
► Responding to trade risks (tariffs, supply chain disruptions, and employment instability) KRW 2.1T
► Fostering the Domestic Al Ecosystem KRW 1.8T
► Boosting Competitiveness of High-Tech Strategic Industries KRW 0.5T
People's Livelihood Support KRW 4.3T
► Alleviating Financial Burden on Small Businesses KRW 2.6T
► Expanding Revenue Base of Small-Scale Businesses KRW 1.6T
► Ensuring Livelihood Stability for Vulnerable Groups KRW 0.2T
Other Expenditures
Government Bond Interest Payments and Hosting of International Events KRW 0.2T
KRW+3.2 trillion Disaster & Emergency Response
Facilitating the Rapid Recovery from Wildfire Damage
Damage Recovery
Supplement the shortfall in disaster & emergency response funds
to provide prompt support to wildfire-affected areas KRW 0.9T
Return to Normal Life
Provide new low-interest loans for housing restoration for wildfire victims
Supply 1,000 newly built public rental housing units KRW 0.2T
Enhancing Disaster Preparedness & Response Systems +KRW 1.7T
Early detection
Al surveillance cameras 30 cameras
wildfire prevention drones 45 drones
Fire suppression capacity
Introduce forest helicopters +6 helicopters
Increase Wildfire Suppression Fleet +48 vehicles
KRW+4.40 trillion
Trade & Al Support
Response to Trade Risks
Financial Support
Increase special-purpose funding by KRW 25 trillion
Loans
Expand Access to Low-Interest Loans +KRW 15T
Guarantees & Insurance
Special guarantees for marginal companies KRW 4.5T
Support for exporters facing difficulties, small shipbuilders, and defense companies KRW 5.7T
Funds
Corporate Restructuring Fund KRW 500 billion
NEW
Launch of a Customs Response Voucher program
500+ new services in four areas, including tariff relief and alternative market development +KRW 0.1T
Fostering the Domestic Al Ecosystem
NEW
Computing Infrastructure KRW 1.5T
Secure 10,000 high-performance GPUs
Talent
+1,650 people
Double the number of master's & doctoral-level Al professionals
Funding
KRW 90B → KRW 200B
Scale up the Al Innovation Fund to more than twice its current size
Enhancing Competitiveness of Strategic High-Tech Industries
NEW
Infrastructure
70% of corporate costs for power grid undergrounding projects will be covered by national budge KRW 0.1Tt
NEW
Supply Chain
Provide investment subsidies for materials, parts, and equipment KRW 0.1T
Financial Support
Expand low-interest loan program for semiconductor facilities
Increase Budget from KRW 4.3T to 7.7
+KRW 0.2T capital injection
KRW+4.3 trillion
Support for People's Livelihoods
Easing financial burdens on small businesses
NEW
Cost Relief Credit
Voucher support up to KRW 500,000
For 3.11 million small businesses with annual sales under KRW 300 million
KRW 1.6T
Policy Financing
• Expand Small Business Fund loans
• Regional credit guarantees
will be expended by KRW 2.5T
+KRW 0.8T
NEW
Credit Card Support
6-month interest-free installment credit cards for small businesses (Up to KRW 10 million limit)
KRW 0.1T
Expanding Revenue Base for Micro Businesses
NEW
Co-prosperity Payback
20% refund on monthly increase in credit card spending
Up to KRW 300,000 (KRW 100,000/month)
KRW 1.4T
NEW
Commercial Zone Cashback
10% cashback on digital Onnuri gift certificate usage KRW 0.1T
Support for Vulnerable Groups
Vulnerable Workers
Expanded government wage compensation for unpaid workers
105,000 → 115,000 people
Financially At-Risk Groups
Low-income youth, college students & low-credit individuals
+KRW 210 billion in tailored policy financing
Beneficiaries: 123K → 193K
Ministry of Economy and Finance