South Korea to increase aid to Ukraine to $150 million: where will the money go

Olha GanyukovaPolitics
Seoul plans to allocate funds for infrastructure restoration

South Korea will increase its aid to Ukraine this year to $150 million. Last year, the Republic of Korea's aid to official Kyiv totalled $100 million.

This statement was made by South Korean President Yun Seok-yol. He said this at a joint press conference with Ukrainian President Volodymyr Zelenskyy in Kyiv.

"Last year, the government of the Republic of Korea allocated $100 million to support Ukraine. This year, this support will amount to $150 million," Yun said.

He noted that Korea also intends to consider providing $10 million in support of Ukraine through the World Bank.

In addition, according to the South Korean president, during the talks with Zelenskyy, much attention was paid to Ukraine's recovery from the war and cooperation in this area. In particular, Seoul plans to allocate funds to rebuild infrastructure, help businesses, and restore the education system.

As a reminder, South Korean President Yun Seok-yol arrived in Ukraine on 15 July for an unannounced visit. He visited Bucha and Irpin near Kyiv, which suffered from Russian aggression, and met with President Volodymyr Zelenskyy.

Earlier, the US said it would approve the provision of lethal weapons to Ukraine from South Korea. The State Department stressed that providing any kind of support is a "sovereign decision of each state".

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