Woofun AI reports that the South Korean government intends to draft a fiscal year 2027 budget exceeding 800 trillion won (approximately 530.97 billion USD), marking a historic high. This expansion is driven by robust tax revenue from the AI chip sector and the restructuring of 50 trillion won in existing expenditures. Priority funding will be directed toward chips, AI data centers, and physical AI. President Lee Jae-myung emphasized the critical nature of this period for global AI dominance, announcing the creation of a "Future Response Fund" to channel excess tax revenue into youth, growth engines, regional development, and talent cultivation.