Search results for Ministry of Economy and Finance
Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
South Korea’s government budget for 2027 is set to rise sharply as a semiconductor export boom lifts tax revenue, raising the stakes for a September parliamentary session over how to allocate funds. The plan boosts spending to 820.9 trillion won and lifts revenue to 880.8 trillion won, led by a jump in national tax receipts. Funding for semiconductor and AI initiatives rises, including a new semiconductor special account, while debates centre on tax credits, infrastructure support and an exception to the 52-hour workweek cap.
Finance
Government keeps ISA terms and contribution limits; anti stock price suppression bill to be revisited in parliament
The government will allow taxpayers to carry over unused annual contribution limits for individual savings accounts (ISA) and will remove limits on contract terms, reversing tougher rules proposed in last month’s tax overhaul plan. The Ministry of Economy and Finance said it finalised a tax law revision bill that includes the ISA changes and plans to submit it to parliament by Sept. 3. It also said a proposal dubbed the anti stock price suppression bill will be further discussed during the regular parliamentary session.
Games & Commerce
Government to inject funds directly into distribution channels with 24 million delivery app coupons, public logistics centres
The government will directly inject fiscal resources into distribution channels in its 2027 budget plan, including delivery apps, gift certificates and agricultural wholesale. Small business support is set to rise to 3.5 trillion won from 2 trillion won in 2026, including a new 124 billion won programme to distribute 24 million 5,000-won discount coupons for a co-prosperity delivery app. The plan also expands local and Onnuri gift certificates, boosts traditional market support and funds a public logistics and distribution structure for agricultural, livestock and fisheries products.
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Industry
Government to set up future response fund based on 162.3 trillion won in extra tax revenue, double megaproject budget
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AI & Enterprise
Govt to strengthen lifetime support for science talent, nurture \'national science and technology researchers\'
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AI & Enterprise
Small AI models near large-model performance as Dokpamo second evaluation nears
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Games & Commerce
Five game industry associations call for tax credit for game production costs
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Finance
South Korea first-half fiscal deficit narrows to 84.4 trillion won
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Industry
Mega project to begin 353 trillion won investment this year; Lee says blitz over speed campaign
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Crypto
KB Kookmin Bank joins deposit token-based payment infrastructure expansion project
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Industry
Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key
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Crypto
Government steps up blockchain-based deposit token payment infrastructure rollout
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Finance
Financial regulators weigh single-stock leverage ETFs ahead of presidential briefing
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AI & Enterprise
South Korea to brief Seoul-based diplomatic corps on global AI hub plan
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Finance
South Korea financial regulators signal overhaul of leveraged single-stock ETFs
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Telecommunications & Media
Broadcast Media and Telecommunications Commission follows up on transfer of paid TV fund levy tasks
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Games & Commerce
Rep. Cho Seung-rae proposes tax credit bill for game and music production costs
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Telecommunications & Media
Kim Jong-cheol says media development committee push a key task