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 a record $530 billion budget for 2027, driven by surging tax revenues from its booming AI chip industry and strategic expenditure adjustments.