South Korea proposed a record 821 trillion won ($597 billion) budget for 2027 on 2026-09-01, representing a 12.8% spending increase from 2026—the largest annual increase in the nation's history—with emphasis on supercharging artificial intelligence investment.
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South Korea proposes record $597 billion 2027 budget to supercharge AI investment Reuters
South Korea proposed a record 821 trillion won ($597 billion) budget for 2027, with planned government spending up 12.8% from 2026, the largest annual increase in the country’s history [investing.com#1][ft.com#1][bloomberg.com#1][techinasia.com#1][nst.com.my#1][businesstimes.com.sg#1][firstpost.com#1][ithome.com#1][scmp.com#1]. The government said the plan would prioritize artificial intelligence