Korea plans record W821tr budget on chip tax windfall

South Korea will raise government spending by 12.8 percent to a record 820.9 trillion won ($599.5 billion) in 2027, the fastest increase on record, as surging tax revenue gives Seoul room to expand investment in artificial intelligence, strategic industries and social programs. Under the government's medium-term fiscal

South Korea on Tuesday unveiled its most aggressive financial spending plan on record, setting total government expenditure for 2027 at 821 trillion won (US$600 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry said the spending plan ‌rep

SEOUL, Sept 1 : South Korea on Tuesday proposed an 821 trillion won ($598.79 billion) government budget for 2027, including special funding for its semiconductor industry and strategic weapons, the budget minister said in a cabinet meeting. The government earmarked 2.6 trillion won for a special semiconductor budget, t