The Ministry of Oceans and Fisheries has confirmed an additional supplementary budget of 144.8 billion won.

The Ministry of Oceans and Fisheries' first supplementary budget for 2026, amounting to 144.8 billion won, has been confirmed to overcome the crisis caused by the war in the Middle East. This is an increase of 52.9 billion won from the initial supplementary budget of 91.9 billion won that the government prepared due to the sharp rise in international oil prices caused by the Middle East conflict. The confirmed supplementary budget for the Ministry of Oceans and Fisheries includes 69.1 billion won for alleviating the burden of high prices in the marine and fisheries industry, 39.7 billion won for stabilizing people's livelihoods, and 36 billion won for minimizing damage to the industry. This supplementary budget is intended to respond to the instability in international energy supply and is allocated to a total of seven projects. First, measures such as oil price-linked subsidies to alleviate the burden of high prices are included.

The Ministry of Oceans and Fisheries' first supplementary budget for 2026, amounting to 144.8 billion won, has been confirmed to overcome the crisis caused by the war in the Middle East. This is 52.9 billion won more than the 91.9 billion won initially prepared by the government due to the sharp rise in international oil prices caused by the Middle East conflict. The confirmed supplementary budget for the Ministry of Oceans and Fisheries includes 69.1 billion won for easing the burden of high oil prices in the maritime and fisheries industry, 39.7 billion won for stabilizing people's lives, and 36 billion won for minimizing damage to the industry. This supplementary budget is intended to respond to the instability in international energy supply and is allocated to a total of seven projects. First, 69.1 billion won has been increased for easing the burden of high oil prices, including subsidies linked to oil prices. In detail, this includes 56.2 billion won in subsidies for ...