South Korea Announces Record Budget of Approximately $531 Billion

South Korea plans to prepare a record budget exceeding $531 billion for the fiscal year 2027, aimed at supporting the semiconductor and artificial intelligence industries. The budget will include investments in data centers and hardware AI technologies. This move is part of the country's effort to strengthen its position as a leading destination in the advanced technology sector, with a focus on increasing tax revenues and restructuring spending to finance strategic projects.

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