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.

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 will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae Myung said on July 13, describing a…

SEOUL, July 13 — South Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae Myung said today,...

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.

South Korea has raised its 2026 GDP growth forecast to 3%, the fastest pace in five years, backed by an AI and semiconductor-led investment push. The government's plans to boost…

The government on Tuesday raised Korea's real gross domestic product (GDP) growth forecast for 2026 to 3 percent, up from the January projection of...

South Korea raised its 2026 growth forecast by one percentage point to three percent on July 13, buoyed by strong performances from memory chipmakers as artificial intelligence…

SEOUL, July 14 — South Korea raised its 2026 growth forecast by one percentage point to three per cent today, buoyed by strong performances from memory chipmakers as artificial...

The South Korean government lifted its 2026 growth forecast by one percentage point to 3% on Tuesday, expecting a stronger performance driven by upbeat...