Roundup: S. Korean gov't proposes expansionary budget plan for 2026

NAMPA / Xinhua

2025-08-29

SEOUL, Aug. 29 (Xinhua) -- The new South Korean government, led by President Lee Jae-myung, who took office in early June, proposed an expansionary budget plan for 2026 on Friday, focusing on artificial intelligence (AI) and research and development (R&D). Lee presided over a cabinet meeting to endorse his administration's first full-year budget of 728.0 trillion won (524.2 billion U.S. dollars) for next year, up 8.1 percent compared to the pr......

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