The South Korean government approved a record 820.9 trillion won budget for 2027 during a State Council meeting on 2026-01-01. ^[1] The South Korean government approved a 2027 budget totaling 820.9 trillion won, which is an increase of 93 trillion won (12.8%) compared to the current year's base budget. ^[2] The South Korean government proposed a 2027 budget totaling 821 trillion won, marking a record-breaking scale for national investment. ^[3] The budget for youth support across education, employment, assets, housing, and family life is set at over 40 trillion won, a 53.5% increase from the previous year. ^[4] The government plans to allocate 21.3 trillion won to support three mega-projects and artificial intelligence (AI). ^[5] The budget allocates 84 trillion won to three major megaprojects in semiconductors, physical AI, and AI data centers to support high-risk advanced industries. ^[6] The budget plan includes a structural adjustment of 107 trillion won to reduce mandatory expenditures and reform the national debt structure. ^[7] The proposed budget aims to lower the national debt-to-GDP ratio to 48.3%, a decrease of 3.3 percentage points from the previous year. ^[8]