South Korea to Tap Record AI Tax Windfall to Fund Future Growth

South Korea to Tap Record AI Tax Windfall to Fund Future Growth South Korea expects to reap a record tax windfall from the artificial intelligence-driven semiconductor boom, giving President Lee Jae Myung’s government fresh fiscal firepower to fund an ambitious investment agenda. The government boosted its 2027 tax revenue estimate to 500 trillion won ($331.6 billion), far surpassing an earlier forecast of 412.1 trillion won, according to Budget Minister Park Hong Keun Monday. The revenue surge will allow the government to propose a budget of more than 800 trillion won, compared with this year’s 727.9 trillion won, marking the largest spending plan in the country’s history.