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South Korea sets record US$600 billion budget, backed by chip windfall

South China Morning Post
South China Morning Post
by Reuters
Sep 1, 2026 · 9:48 AM
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South Korea sets record US$600 billion budget, backed by chip windfall
South Korea on Tuesday unveiled its most aggressive financial spending plan on record, setting total government expenditure for 2027 at 821 trillion won (US$600 billion) to strengthen the country’s technological edge amid the global AI race. In its annual budget proposal, the budget ministry said…
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