Korea Plans 800 Trillion Won Super Budget, Betting on Chip Boom
Korea plans an 800 trillion won+α super budget for next year, its first double-digit spending growth, backed by chip-driven tax revenue, while pursuing 50 trillion won in restructuring.
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South Korea Unveils Record 800 Trillion Won Budget With $65 Billion AI Fund
South Korea proposed a record 800 trillion won budget backed by semiconductor tax revenue and a planned $65 billion AI investment fund.
South Korea flags record 2027 budget of over US$530 billion as AI chip boom lifts revenues
The spending plan is to be financed through higher tax receipts and expenditure cuts
South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenues
UPDATE 1-S.Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenues
South Korea to prioritize chips, AI in record 2027 budget
Budget Minister Park Hong-keun said the plan would be financed through higher tax receipts and spending cuts.
'Future response fund' should be sustainable
The government will establish a "future response fund" using the additional tax revenue expected from the booming semiconductor industry. Du
Korea lifts growth outlook, bets big on chip boom
South Korea on Tuesday raised its 2026 economic growth forecast from 2 percent to 3 percent and unveiled plans to turn the current semicondu
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