This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Amid AI race, US tariff woes, South Korea drafts enlarged extra spending bill

By Choonsik Yoo ( April 15, 2025, 04:06 GMT | Insight) -- Worried that the country could lose in the global AI race, South Korea's government finalized an enlarged supplementary budget bill worth 12 trillion won ($8.43 billion) that includes plans to secure more AI computing power. The government has increased the total amount of the extra spending bill from its earlier projection of about 10 trillion won, and announced separate measures to help the chip industry. South Korea unveiled today the details of an enlarged supplementary budget bill worth 12 trillion won ($8.43 billion) to secure more AI computing power, help cushion the damage from US tariff increases and a recent deadly wildfire, and support the livelihoods of those hit hard by an economic slump....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections