President Lee to Personally 'Unbox' Next Year's Youth Budget... Covering Jobs, Housing, and Finance

Policy Review with Over 60 Young People at the Blue House
Direct Project Explanations by Working-Level Officials
Real-Time Reflections of Feedback from Youth and Experts
First Public Disclosure Prior to Official Budget Announcement

President Lee Jae-myung is hosting the "Youth Budget UNBOXING 2027" event at the Blue House on August 28, unveiling the key details and programs of next year's youth budget directly to young people. This marks the first time in history that the government is explaining major budget items and programs to the public prior to officially announcing the budget plan.

President Lee Jae-myung is speaking at the Cabinet meeting held at the Blue House on the 25th. August 25, 2026 Yonhap News Agency

According to the Blue House, this event was arranged to provide an early explanation of the youth support policies included in next year's budget plan and to hear from youth, who are the primary stakeholders. Unlike the traditional approach of explaining the budget after it has been finalized, the government aims to seek understanding and input from the policy’s target group during the planning stage itself.

Participants at the event include the Prime Minister, ministers from related ministries such as the Ministry of Economy and Finance and the Ministry of Budget and Planning, heads from nine related agencies including the Financial Services Commission, youth advisors and youth advisory panels from each government department, as well as more than 60 experts in the fields of employment, housing, and welfare.

The event will proceed with President Lee’s opening remarks, followed by a presentation of the overall size and investment direction of next year’s youth budget, as well as an overview of the major programs. Breaking away from the conventional minister-centered reports, officials who were directly involved in planning the projects will personally explain the policy details. The intention is to enhance the sense of policy relevance by having the key implementers explain the purpose, support methods, and expected outcomes of the programs from the perspective of young people.

The Ministry of Budget and Planning will first introduce the overall structure and investment direction of the 2027 youth budget. A comprehensive explanation will also be provided on how government support varies according to youth’s stages of growth, such as employment, asset building, housing, and marriage. In Session 1, the Financial Services Commission and the Ministry of Land, Infrastructure and Transport will present key programs in the finance and housing sectors. In Session 2, the Ministry of Education, Ministry of Employment and Labor, Ministry of Culture, Sports and Tourism, and Ministry of Health and Welfare will each introduce major youth support initiatives in the fields of education, jobs, culture, and welfare, respectively.

After the ministerial presentations are complete, youth participants and experts will offer their opinions on the policies and programs. The respective ministers and officials responsible for each program will answer questions directly onsite.

This content was produced with the assistance of AI translation services.