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 restructuring.

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 restructuring.

South Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronger tax revenues from the AI chip…