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South Korea’s 2027 budget could include features unseen for decades

  • South Korea’s government is expected to submit its 2027 budget proposal to the National Assembly.
  • The economy is expected to record its strongest growth in about a decade, excluding major shocks.
  • Senior policymakers have suggested the budget could contain features unseen in South Korea for decades.

South Korea’s government is expected to submit its 2027 budget proposal to the National Assembly within days. Recent comments by senior policymakers, made in official settings and elsewhere, suggest the plan could include features not seen in the country for decades. The proposal is also being prepared as South Korea’s economy is expected to post its strongest growth in about a decade, excluding periods affected by major shocks.

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