Tuesday, 1 September, 2026
Seoul Goes All-In: $597 Billion Bet on the AI Future
By TechShots Studio
South Korea has unveiled a record-breaking 821 trillion won ($596.9 billion) budget proposal for 2027—a 12.8% surge, marking its largest spending increase in history. Fueled by a massive tax windfall from booming semiconductor exports like Samsung and SK Hynix, the government is redirecting record funds into AI infrastructure, next-generation chip tech, regional development, and strategic R&D to secure global technological leadership.
Read full story at REUTERS