29.According to Shmyhal, the funds will be devoted to Ukraine's social sector by supporting budget expenses. In April of this year, Kyiv and Seoul signed an agreement enabling Ukraine to attract up to $2.1 billion in concessional loans over 2024-2029. The loan has a term of 20 years with an annual interest rate 1.0% and a five-year grace period.Later in October, Ukrainian Finance Minister Serhii Marchenko signed a loan agreement with the Export-Import Bank of Korea to attract the $100 million loan.Ukraine faces a $35 billion budget deficit in 2025, and with Russia’s war continuing into its third year with no end in sight, the country has to rely on external financing to sustain its economy and war effort.South Korea has provided Ukraine with humanitarian aid throughout Russia's full-scale war but not with lethal assistance, as the country's legislation prevents direct arms supplies to war zones.Defense Minister Rustem Umerov on Nov.