South Korea announced its largest-ever budget for 2027, increasing total spending by 12.8% to 820.9 trillion won ($610.14 billion). The government is focusing heavily on AI, semiconductors, and related infrastructure, allocating 21.3 trillion won to these sectors and 4.7 trillion won to develop a sovereign AI model. The plan includes training 2,000 semiconductor specialists and expanding AI education to support future growth. Defense spending will also rise by 8.2% to 73.3 trillion won, aiming to modernize the military with AI and robotics. This budget supports South Korea's strong economic growth driven by booming semiconductor exports, with the country nearing $1 trillion in annual exports.
South Korea's record 2027 budget includes a 12.8% increase in total spending to 820.9 trillion won, with a major focus on AI and semiconductor development. For readers following technology stocks, here is Pluang's market snapshot as of Nov 02, 2026 12:11 WIB: out of 150 priced US technology stocks, 30 rose and 120 fell. Notable movers include NBIS at USD 158.35 (-13.16%), FSLY at USD 23.51 (-13.02%), and TEAM at USD 192.17 (-12.70%).
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