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2026-11-02 09:58:24
[Lee Jae-myung pledges to increase investment in AI and other future industries, urges National Assembly to pass 2027 budget] (1) South Korean President Lee Jae-myung pledged on Monday to increase investment in artificial intelligence and other future growth engine industries to boost the potential growth rate of the South Korean economy; in his speech to the National Assembly, he called on both the ruling and opposition parties to work together to push for the passage of the 2027 budget. (2) The South Korean government submitted a draft budget to the National Assembly in September, planning a total fiscal expenditure of 820.9 trillion won (approximately US$614.5 billion) next year, an increase of more than 10% over this year; the market expects the upward trend in the semiconductor industry to drive up tax revenue. (3) Lee Jae-myung said that in order to boost the potential growth momentum that is the foundation of the economy, the government will boldly invest in artificial intelligence and other future growth tracks.
