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Amid AI, US tariff, wildfire issues, South Korea eyes extra budget

By Choonsik Yoo ( April 8, 2025, 04:17 GMT | Insight) -- South Korea’s government will propose a supplementary budget of about 10 trillion won ($6.80 billion) next week to strengthen national artificial intelligence capabilities, help cushion the impact from the US trade policy and finance recovery works from a deadly wildfire, according to Economy and Finance Minister Choi Sang-mok. However, there has been increasing concern that the extra budget could be delayed because South Korea will hold a presidential election in less than two months, after the former president was removed from office over his failed attempt to impose martial law.South Korea’s government will propose a supplementary budget of about 10 trillion won ($6.80 billion) next week to strengthen national artificial intelligence capabilities, help cushion the impact from the US trade policy and finance recovery works from a deadly wildfire, the finance minister said today....

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