Chip Tax Windfall Spurs South Korea’s Record Budget Expansion

South Korea is set to boost its state spending to unprecedented levels next year, driven by a significant tax windfall from the semiconductor industry. This influx of over 160 trillion won ($117 billion) will be directed towards an artificial-intelligence investment drive, underscoring the government's commitment to future technological advancements. This move highlights South Korea's strategic focus on tech innovation and its potential to reshape the global semiconductor landscape, making it a key player in the competitive tech arena.