Cultural Heritage Administration Boosts 2012 Budget by 4.3%

Published on 2011/10/18 | Source

The Cultural Heritage Administration has set its 2012 budget at 545 billion won marking a 22 billion dollar increase over this year's budget.

Some 35 billion won of the total will be used for the preservation of world heritage sites throughout the nation including the Hwaseong Fortress in Suwon, Gyeonggi Province and the Hahoe Folk Village in Andong, North Gyeongsang Province.

One billion won will go to efforts to retrieve South Korean cultural assets located overseas and 27 billion won has been set aside to safeguard against disasters from ruining cultural properties.

Another one billion will go to building a storage facility for relics that were salvaged from waters near Taean County in South Chungcheong Province.

Reported by KBS WORLD Radio