South Korea flags a record $530bn budget, paid for by the AI chip boom

The Next Web
By Ana-Maria StanciucJul 13, 2026, 4:38 am138 pts
South Korea will draw up record budget spending of more than 800 trillion won ($530.97bn) for fiscal 2027, supported by stronger tax revenues from the booming AI chip industry, the government said on Monday. It is the clearest sign yet that Seoul intends to spend the semiconductor windfall rather than save it,…

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