South Korea Allocates $100M for Ukraine in 2027 Draft Budget as Foreign Ministers Meet to Mend Ties

Seoul has included $100 million for Ukraine in its draft budget for 2027, JoongAng Ilbo reported on Tuesday, Nov. 10, despite a diplomatic rift between the two countries over Kyiv’s public disclosure that it had handed over two North Korean prisoners of war (POWs) to South Korea. Half of the announced funding would go to a NATO trust fund for Ukraine, with the rest earmarked for humanitarian projects and conflict-recovery aid. The announcement came as Foreign Minister Andrii Sybiha met his South Korean counterpart, Cho Hyun, on Nov. 10 on the sidelines of the G7 foreign ministers’ meeting in Paris in an effort to mend ties.