6 days ago
Korea to Spend $150 Billion to Fund President Lee's Policy Goals
South Korea unveiled a 210 trillion won ($152 billion) fiscal plan for 2026-2030 to support President Lee Jae Myung's core pledges, with funding to be drawn from enhanced revenue measures and greater spending efficiency.
The plan, announced Wednesday by the presidential state affairs planning committee, will allocate funds across 123 projects in innovation, growth, social welfare and foreign policy, with major investments in artificial intelligence, where the government aims to become a top-three AI power. Other areas of priority include biotechnology, healthcare and defense, among others.
