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South Korea passed a $570 billion 2026 budget, boosting AI, semiconductors, and growth funding, despite rising debt concerns.
South Korea’s parliament approved a 727.9 trillion won 2026 budget, an 8.1% increase, to boost AI, semiconductors, shipbuilding, K-culture, and small businesses.
The government will triple AI spending to 10.1 trillion won and issue a record 232 trillion won in bonds to fund growth, raising debt concerns.
The budget passed smoothly, unlike last year’s turmoil, amid improved economic data and a projected debt-to-GDP rise to 58% by 2029.
Lawmakers also reformed dividend taxes, lowering the top rate to 30% and creating a separate tax regime.
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Corea del Sur aprobó un presupuesto de 570 mil millones de dólares para 2026, impulsando la IA, los semiconductores y el financiamiento del crecimiento, a pesar de las crecientes preocupaciones por la deuda.