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 from the semiconductor boom f…
South Korea proposed a record 821 trillion won (US$596.9 billion) budget for 2027, a 12.8% increase from 2026, to strengthen its technological edge in the global AI race, with 2.6 trillion won earmark…
South Korea's ruling Democratic Party and the government agreed Tuesday to use additional tax revenue from a semiconductor boom to invest in youth and regional development under the 2027 budget plan. …
South Korea will draw up a record budget of more than 800 trillion won ($530.97bn) for fiscal 2027, financed by stronger tax revenues from the booming AI chip industry, Budget Minister Park Hong-keun …