Published Aug 31, 2026, 11:01 PM ET · Updated 2 months ago · 4 sources

Chip Tax Windfall Spurs South Korea’s Record Budget Expansion

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Original Report

South Korea is planning a record expansion in state spending next year to finance an artificial-intelligence investment drive, while channeling more than 160 trillion won ($117 billion) of a semiconductor-fueled tax windfall into a new fund.