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Gov & Employment Global Sep 1, 2026

South Korea proposes record $597B 2027 budget centered on AI and chips

South Korea proposes record $597B 2027 budget centered on AI and chips

On 1 September 2026 South Korea proposed a record 821 trillion won (about $597 billion) 2027 budget that names AI and semiconductors as strategic national priorities. The plan signals expanded state spending and incentives around advanced-tech industries.

Why this matters for founders

AI-infra, chip, and deep-tech founders selling into or partnering in Korea should track the 2027 budget's grant and procurement lines, which point to fresh public demand and co-investment.

Source: Tech Startups

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