Search results for National Fiscal Strategy Meeting
Games & Commerce
Five game industry associations call for tax credit for game production costs
Five South Korean game and e-sports associations urged the government and parliament to add a tax credit for game production costs to the 2026 tax revision plan and to extend and expand an e-sports tournament operating cost credit set to expire at year-end. They said games account for about 60 percent of K-content exports but are excluded from existing production cost tax credits. They also called for raising the e-sports credit rate and expanding its geographic scope nationwide.
Industry
President Lee says future response fund to be backed by semiconductor tax windfall; 2027 spending to top 800 trillion won
South Korean President Lee Jae-myung (이재명) said a future response fund will be created using excess tax revenue from semiconductors. He said large additional revenue from an AI semiconductor boom will be invested in future, youth, regional and education areas. The government will also support three mega projects including semiconductors, physical AI and AI data centres. Next year’s total spending will be set at 800 trillion won plus alpha, more than 10 percent above this year’s main budget.
AI & Enterprise
Baek Kyung-hoon says now is physical AI golden time, pushes cross-ministry AIDC task force
South Korea plans to create a future response fund using what it forecasts as record tax revenue in 2027 and concentrate spending on three mega-projects: semiconductors, AI data centres (AIDC) and physical AI. Science and ICT Minister Baek Kyung-hoon said the race to secure a general-purpose physical AI platform has entered a full-scale phase. The ministry plans to expand AIDC capacity to 8.4 GW by 2029 and 18.4 GW by 2035, backed by up to 1,000 trillion won in phases.