South Korea Proposes Record 821 Trillion Won Budget for 2027
The South Korean government has unveiled a record 821 trillion won budget for 2027, largely financed by windfall taxes from the booming semiconductor industry. The proposal allocates significant increases to defense, AI research, and cybersecurity while setting aside funds for a new future growth fund.
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South Korea Plans Up to 222.8 Trillion Won in 2027 Bond Issuance
South Korea plans to issue up to 222.8 trillion won ($162.7 billion) of bonds in 2027, a total near this year’s record, as President Lee Jae Myung pushes his expansionary fiscal agenda.
By Hooyeon Kim and Jaehyun Eom
Read full article →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 the spending plan represented a 12.8 per cent rise from 2026, marking the largest year-on-year increase in the country’s history. The proposal signals a shift in Asia’s fourth-largest economy under...
By Reuters
Read full article →South Korea proposes record W22.2 trillion agriculture budget for 2027
SEJONG — South Korea’s Ministry of Agriculture, Food and Rural Affairs has proposed a record 22.2 trillion won ($16.2 billion) budget for 2027, up 10.4 percent from the previous year, as the government seeks to strengthen farm incomes, modernize agriculture and revitalize rural communities. The ministry said the proposal approved at a Cabinet meeting represents the largest year-on-year increase in both value and percentage terms since 2000. Including debt repayments from agricultural funds, the
By The Korea Herald
Read full article →Gov't to allocate 39.7 tln won to finance ministry in 2027 budget
SEJONG/SEOUL, Sept. 1 (Yonhap) -- South Korea's finance ministry said Tuesday th...
By Kang Yoon-seung
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