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Heejin Kim

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South Korea
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Articles

South Korea proposes record $597bln 2027 budget to supercharge AI investment

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By Cynthia Kim, Joyce Lee, Heejin Kim Verified
| Zawya Verified
SEOUL - South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country's technological edge amid the global AI race. In its annual budget proposal, the budget ministry said the spending plan represented a 12.8% rise from 2026, marking the largest year-on-year increase on record.
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment

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By Cynthia Kim Verified, Joyce Lee Verified, Heejin Kim Verified
| MSN Verified
By Cynthia Kim, Joyce Lee and Heejin Kim SEOUL, Sept 1 (Reuters) - South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country's technological edge amid the global AI race. In its annual budget proposal, the budget ministry said the spending plan represented a 12.8% rise from 2026, marking the largest year-on-year increase in the country's history.
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment

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By Cynthia Kim Verified, Joyce Lee Verified, Heejin Kim Verified
| Lufkin Daily News Verified
By Cynthia Kim, Joyce Lee and Heejin Kim By Cynthia Kim, Joyce Lee and Heejin Kim SEOUL, Sept 1 (Reuters) - South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country's technological edge amid the global AI race.
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