South Korea Proposes Record 2027 Budget for AI
South Korea unveiled a record budget plan for 2027 to boost artificial intelligence and semiconductor infrastructure. Fueled by tax revenue surges, the spending aims to strengthen economic growth.
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South Korea proposed a record 821 trillion won ($596.92 billion) budget for 2027 on Tuesday morning, increasing spending 12.8% to supercharge artificial intelligence investment. The historic fiscal expansion shifts policy direction in Asia's fourth-largest economy after three years of austerity. The spending surge aims to fortify domestic chip manufacturing and secure a competitive edge in advanced technology infrastructure.
