South Korea plans a record $530 billion budget for 2027, driven by surging tax revenues from its booming AI chip industry and strategic expenditure adjustments.
The budget is for the fiscal year 2027
Jul 13, 2026
02:32 pm
What's the storySouth Korea has announced a record-breaking budget of over 800 trillion won ($530.97 billion) for the fiscal year 2027.
The ambitious plan is largely driven by increased tax revenues from the booming artificial intelligence (AI) chip industry.
South Korea flags a record $530bn budget, paid for by the AI chip boom
South Korea hikes 2026 growth outlook to 3 pct on AI chip boom - Latest News
South Korea raises 2026 growth forecast to 3% on AI chip boom
Korea eyes 3% growth in 2026 riding on AI chip boom - The Korea Times
What comes next? South Korea eyes ‘golden window’ as AI chip boom promises unprecedented tax windfall
Global Market: South Korea targets AI-led growth, raises 2026 GDP forecast to five-year high; chip stocks in focus
South Korea hikes 2026 growth outlook to 3pc on AI chip boom
South Korea's AI tax windfall a 'golden window' for investment: Lee - Latest News
Seoul will draw up a record 2027 budget of more than 800 trillion won, funded by chip tax receipts and a 50 trillion won spending…
South Korea has unveiled an ambitious $576 Billion AI infrastructure initiative
South Korea's chip industry will see a record investment of more than half a trillion dollars as demand soars for the components…
South Korea announced a $576 billion investment plan, enlisting Samsung and SK Hynix to bolster semiconductor and AI dominance…
South Korea unseals a historic $576 billion industrial strategy led by tech giants Samsung and SK Hynix to dominate the global AI…
South Korea plans to invest nearly $1.2 trillion in a new chip-building hub and AI data centres, aiming to capitalise on soaring…
