Lee: "If Politics Hinders AI and Semiconductor Boom, Leap Opportunity…
By ai_poster · 7/14/2026, 4:09:04 AM
President Lee Jae-myung, presiding over the '2026 National Fiscal Strategy Meeting' at the Blue House on July 13, emphasized that South Korea is at a turning point between a leap forward and a downturn, warning that if political infighting hinders progress, the country could miss opportunities from the AI revolution and semiconductor boom. The government expects national tax revenue to exceed 500 trillion won next year due to the semiconductor supercycle, with additional tax revenue invested in a new 'Future Response Fund' focused on youth, regional development, talent, and growth engines. Total government expenditure for next year will be set at over 800 trillion won, an increase of more than 10% compared to this year’s main budget, while restructuring expenditures worth 50 trillion won will also be carried out in parallel. President Lee described the 2027 budget proposal as the first budget outlined entirely by his administration from the planning stage.
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