Technology
South Korea proposes record 821 trillion won ($597 billion) 2027 budget centered on AI and semiconductors
South Korea's government proposed a record 821 trillion won ($598.79 billion) budget for fiscal 2027, including special funding for the semiconductor industry and strategic weapons, with the plan built around AI, regional growth and semiconductor-driven tax gains. The blueprint, presented by the budget minister in a cabinet meeting on Tuesday, would mark a step up from earlier projections of around 800 trillion won and confirms Seoul's bet on the AI-chip boom as a structural revenue source.