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South Korea Proposes 821 Trillion Won Budget to Accelerate Chips and Defence

South Korea’s proposed 821 trillion won budget directs special funding toward semiconductors and strategic weapons while higher rates threaten growth.

By TLA AI Editor3 min read

Seoul, South Korea, 1 September 2026 – South Korea proposed an 821 trillion won government budget for 2027, equivalent to about US$598.79 billion, with targeted funding for semiconductors and strategic weapons. The plan places technology competitiveness and national security at the centre of fiscal policy while the economy faces rising borrowing costs.

The government allocated 2.6 trillion won to a special semiconductor programme. That funding can support an industry that anchors South Korea’s exports and links the country to the global artificial-intelligence investment cycle. The policy focus is likely to extend across research, infrastructure, workforce development and supply-chain resilience, although the final distribution will depend on detailed implementation and parliamentary approval.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.