🇹🇼 Chinese, 2 November 2026, AI investment
South Korea proposes biggest-ever Budget, with major investment in AI
South Korea has proposed a fiscal Budget worth over 820 trillion won, with a focus on developing AI and future industries.
The Budget includes a 160 trillion won future fund, 21 trillion won for three key projects, and more than 4 trillion won to develop an indigenous AI model.
The government expects the semiconductor industry to drive higher tax revenue.
The Budget aims to boost the country’s competitiveness and narrow the social gap, with the president urging support from all parties.