South Korea Proposes 820.9 Trillion Won 2027 Budget
Verified
South Korea proposed a 2027 budget of 820.9 trillion won. The plan includes a 162 trillion-won Future Fund. The fund will be financed by the semiconductor industry boom to support sustainable growth and productive spending.
The budget focuses on artificial intelligence, low birthrates, and regional decline. Some experts advised prioritizing domestic issues before funding the initiative.
Sources
- Yonhap: (News Focus) Gov't to set aside 162 tln won in chip-boom tax 'windfall' for sustainable growth
- Yonhap: (LEAD) Gov't proposes record 821 tln-won budget for 2027 to boost growth
- Yonhap: Unification ministry's 2027 budget plan seeks to revive railway project
- Yonhap: Foreign ministry seeks to quadruple cybersecurity budget while cutting ODA spending
- Yonhap: Gov't proposes record 820.9 tln-won budget for 2027
- Bangkok Post: Cabinet approves double-track rail expansion