South Korea Targets 800 Trillion Won Budget on AI Revenue Surge

Budget Minister Park Hong-keun outlined a roadmap that prioritizes the construction of AI data centers and semiconductor manufacturing infrastructure. The government intends to fund these initiatives through increased tax receipts from the tech sector rather than relying on broad tax hikes or excessive borrowing. President Lee Jae Myung stressed that these strategic investments are critical for securing South Korea's position in the international AI race. By channeling revenue from the semiconductor boom directly into R&D and facilities, officials aim to maintain the country's technological edge while keeping the broader fiscal framework stable.